P.R. Laws tit. 23, § 11006a

2019-02-20 00:00:00+00
§ 11006a. Studio operators and large-scale studio operator

(a) Any studio operator and/or large-scale studio operator shall be eligible to obtain a grant under this chapter to avail themselves of all the tax incentives available under this chapter.

(b) A large-scale studio operator shall have, directly, or through endorsed grantees, as such term is defined herein, the responsibility of ensuring the proper operation of the large-scale studio and the required amenities and components thereto, and the provision of such services required to support the commercial needs of film projects.

(c) Any bona fide office, business or establishment along with its equipment and machinery, with the capability and skills necessary to render a service on a commercial scale to a large-scale studio operator, shall be considered a strategic supplier, provided that such services:

(1) Directly relate to the business of development, preproduction, production, postproduction, and distribution of a film project;

(2) are indispensable for the large-scale studio operator to comply with its obligations pursuant to subsection (b), and

(3) are rendered to the large-scale studio in a regular and exclusive form; provided that a person whom sporadically renders services to a large-scale operator shall not be considered a strategic supplier.

(d) Once the large-scale studio operator has identified a strategic supplier, it shall obtain an endorsement from the Secretary of Development, and such supplier, once endorsed by the Secretary of Development, shall become an endorsed concessionary entitled to enjoy the same benefits available to the large-scale studio operator under its grant as a grantee undertaking such activity directly.

History —Mar. 4, 2011, No. 27, § 7.2; July 13, 2012, No. 140, § 6.