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31634 — Puerto Rico Law | CourtGPT
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  3. Puerto Rico/
  4. Title Thirteen - Taxation and Finance (§§ 1 — 33423)/
  5. Subtitle 17 - Internal Revenue Code of 2011/
  6. Part IV - Excise Taxes/
  7. Chapter 1032 - Taxes on Goods § 31621 - General Excise Tax Provision/
  8. 31634
Puerto Rico Legal Code

31634

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The Secretary of the Treasury shall set aside the revenues collected by virtue of §§ 31625 and 31633 of this title, directly in the General Fund. Provided, that point thirty-three percent (0.33%) of such revenues shall be allocated to the Puerto Rico School of Plastic Arts; point thirty-three percent (0.33%) shall be allocated to the Puerto Rico Conservatory of Music; and point thirty-four percent (0.34%) of such revenues shall be allocated to the Musical Arts and Stagecraft Corporation. Provided, further, that in the case of the School of Plastic Arts and the Conservatory of Music, such fund allocation shall be used to carry out capital works and improvements in their facilities. History —Jan. 31, 2011, No. 1, added as § 3020.14 on Dec. 26, 2013, No. 166, § 1, eff. July 1, 2014.