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564 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Thirteen - Taxation and Finance (§§ 1 — 33423)/
  5. Subtitle 3 - Property Taxes/
  6. Chapter 57 - Exemptions From Property Taxes § 564 - Products Stored for Aging—exemption After First Year/
  7. 564
Puerto Rico Legal Code

564

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For the purpose of stimulating the improvement in their quality, there are hereby exempted from the payment of property taxes during all the fiscal years following the first in which they have been stored for aging, those products with respect to which it has been scientifically recognized that aging improves their quality. History —May 5, 1945, No. 53, p. 200, § 1.