31658

(a) New vehicles with a capacity of twelve (12) or more passengers, excluding the driver, that are registered for the first time in Puerto Rico, acquired and used by churches exclusively for the transportation of their parishioners to the religious services, shall be exempt from the payment of the excise taxes imposed in § 31627 of this title. The churches that wish to avail themselves of this exemption shall meet the following requirements:(1) Be recognized by the Secretary as a tax exempt organization pursuant to § 30471(a)(1) of this title.(2) The exempt vehicle must remain in the possession of the institution which acquires it for a minimum term of six (6) years.(3) Obtain an express authorization from the Secretary recognizing the exemption, and justify the necessity and convenience of acquiring the vehicle in the petition to such effects.(b) The Secretary may revoke the exemption provided herein in those cases in which the church devotes the vehicle to a use other than that established in this section.(c) When the church sells, transfers, or alienates the vehicle enjoying the exemption provided herein, the new acquirer shall pay the excise tax that results from applying the

blished in this section.(c) When the church sells, transfers, or alienates the vehicle enjoying the exemption provided herein, the new acquirer shall pay the excise tax that results from applying the table contained in § 31627 of this title, taking as a basis the taxable price on which the exemption was granted minus depreciation, prior to taking possession thereof. It shall be the duty of the exempt church to require evidence from the new acquirer of the payment of the excise taxes prior to delivering the vehicle to him/her. History —Jan. 31, 2011, No. 1, § 3030.08, retroactive to Jan. 1, 2011.