Contributions made by Program participants shall be deemed excludable from the gross income of the participant. Interest distributions to Program participants shall not be subject to taxation, except in cases where participants choose to receive a distribution before the end of the ten (10)-year term. In these cases, such distribution shall be includable as income for the year in which it is made.\nHistory —Dec. 30, 2010, No. 243, § 6.
Puerto Rico Legal Code