P.R. Laws tit. 23, § 6352
The provisions of this chapter may not be used jointly with other economic or tax incentives laws in such a manner that the joint application of such laws results in the obtainment of tax or other benefits that exceed the benefits to which a party would be entitled under any of the laws applied individually.
Notwithstanding the foregoing, the following situations shall be excepted from this prohibition:
(a) A real estate investment trust with a valid choice under Subchapter P of Chapter 3 of Subtitle A of the Code, or any other previous or succeeding analogue law, or any corporation, limited liability company, partnership, special partnership, or legal entity entirely owned, whether directly or indirectly, by the real estate investment trust, may benefit from the provisions of this chapter, except for the benefits provided under § 6342(a)(1) of this title.
(b) An exempt business holding a decree under §§ 10641 et seq. of Title 13, known as the “Economic Incentives Act for the Development of Puerto Rico,” may choose to benefit alternatively from the provisions of this chapter on the part devoted to the generation and sale of solar energy produced by the use of alternative energy sources, such as the wind, sunlight, water, and biomass, among others, for consumption by an exempt business.
History —July 10, 2010, No. 74, § 13.