31067

(a) As for United States citizens who are Puerto Rico nonresidents at their time of death, whose gross estate located in Puerto Rico is included in their gross estates for purposes of estate taxes imposed by the United States Internal Revenue Code, a tax shall be imposed on that portion of the gross decedent’s estates located in Puerto Rico equal to the maximum credit computed in § 2014(b)(2) of such Code. In determining such credit, the value to be assigned to properties located in Puerto Rico shall be the value determined by the Secretary for such purposes, pursuant to the provisions of § 31022 of this title.(b) If the gross estate of the decedent referred to in subsection (a) has not been included in his/her gross estate for purposes stated in said subsection, the taxes on the portion of such estate which is located in Puerto Rico shall be determined pursuant to the provisions of § 31061 of this title. History —Jan. 31, 2011, No. 1, § 2030.07, retroactive to Jan. 1, 2011.