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262b — Puerto Rico Law | CourtGPT
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  2. Laws/
  3. Puerto Rico/
  4. Title Twenty-three - Public Planning and Development (§§ 1 — 11273)/
  5. Part II - Economic Development/
  6. Chapter 22b - Economic Development Entities § 262 - Tax Exemptions—property/
  7. 262b
Puerto Rico Legal Code

262b

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Any machinery, equipment, devices, accessories and vehicles acquired, purchased or imported by special employee-owned entities and corporations or their subsidiaries mentioned above for the development of their goals and purposes, is hereby exempted from the payment of excise taxes, duties and any other type of import or sales tax. History —Apr. 20, 1979, No. 37, p. 90, § 3; Aug. 29, 1990, No. 74, p. 415, § 6, eff. 30 days after Aug. 29, 1990.