P.R. Laws tit. 23, § 11172
(a) It is found, determined, and declared that the Authority has been created and shall exercise its powers to: further the general welfare and increase trade and progress, which are, in all respects, public purposes for the benefit of the People of Puerto Rico and, therefore, the Authority shall not be required to pay taxes or levies on any property, including but not limited to, real and personal property, acquired by the Authority or under its jurisdiction, control, possession, or supervision, or on its activities with respect to the operation and maintenance of any public transportation, maritime transport, and rail transport facility, or on any income derived from any of its ventures or activities.
(b) The Authority shall also be exempt from payment of any type of fees, taxes, or levies required by law, at present or in the future, in connection with court proceedings, the issue of certifications by any office and agency of the Commonwealth of Puerto Rico, and the execution of public documents and their recording in any public registry of Puerto Rico. Likewise, and notwithstanding any other law or regulation of the Commonwealth of Puerto Rico or resolution or ordinance of any municipality or subdivision of the Commonwealth of Puerto Rico providing otherwise, the Authority shall be exempt from payment of any type of fees, stamps, vouchers, tariff, contributions, charges, expenses, or other emoluments required by any agency, government entity, or quasi-governmental entity, public corporation, or subdivision of the Commonwealth of Puerto Rico or any of its municipalities.
(c) For the purpose of enabling the Authority to collect the funds needed to carryout its corporate purposes, the bonds issued by the Authority and the proceeds thereof shall be exempt from taxation now and hereafter.
History —Aug. 3, 2014, No. 123, § 13.