Any qualified institutional investor that acquires a newly-built property between November 1st, 2011 and December 31st, 2012 shall be fully exempt for a five (5)-year term from real property taxes imposed in accordance with §§ 5001 et seq. of Title 21, and Act No. 7-2009, with respect to such property. The exemption shall be for a maximum term of five (5) years and shall apply from January 1st, 2012, through December 31st, 2017. History —Nov. 21, 2011, No. 226, § 5, retroactive to Nov. 1, 2011.
Puerto Rico Legal Code