(a) Definition of net income subject to normal tax. — For purposes of this part, the term 'net income subject to normal tax', when used in respect to corporations, shall mean the net income minus the credits for dividends received as provided in § 30139(a) of this title. In the case of a foreign corporation engaged in the operation of a trade or business, the term 'net income subject to normal tax' shall mean the net income actually related to the operation of a trade or business in Puerto Rico.(b) Imposition of tax. — There shall be imposed, collected and paid for each taxable year on the net income subject to normal tax of every regular corporation a tax of twenty percent (20%) of the net income subject to normal tax.(c) Regular corporation —Definition. — For purposes of this section and § 30072 of this title, the term 'regular corporation' means any corporation other than:(1) A corporation subject to the tax imposed by §§ 30501—30512 of this title,(2) a special employee-owned corporation subject to the provisions of §§ 30531—30550 of this title,(3) a special partnership subject to the provisions of §§ 30551—30578 of this title,(4) a corporation of individuals subject to the

rporation subject to the provisions of §§ 30531—30550 of this title,(3) a special partnership subject to the provisions of §§ 30551—30578 of this title,(4) a corporation of individuals subject to the provisions of §§ 30581—30590 of this title,(5) a foreign corporation not engaged in the operations of a trade or business in Puerto Rico, subject to the tax imposed by § 30441 of this title, or(6) a limited liability company subject to the provisions of §§ 30321 et seq. of this title. History —Jan. 31, 2011, No. 1, § 1022.01, retroactive to Jan. 1, 2011.