P.R. Laws tit. 13, § 10802
In addition to any other deduction granted by law, the tax incentives established hereinbelow shall be granted to the following persons:
(a) Television channels. — Ten percent (10%) deduction of the net income generated by all new programming which employs ninety percent (90%) or more Puerto Rican performers, [shall be] offered.
(b) Radio stations. — Five percent (5%) deduction of the net income generated by the all programming in which ninety percent (90%) or more Puerto Rican performers are employed.
(c) Producers. — Fifteen percent (15%) deduction of the net income generated by the all programming in which ninety percent (90%) or more Puerto Rican performers are employed.
(d) Sponsors. — Ten percent (10%) deduction of the cost of the advertising or of the cash contribution for all new programming in which ninety percent (90%) or more Puerto Rican performers are employed.
(e) Investors. — Ten percent (10%) exemption on the profits obtained by the investor who finances fifty percent (50%) or more of all new programming in which ninety percent (90%) or more Puerto Rican performers are employed.
(f) Writer. — Exemption of fifty percent (50%) from all the earnings obtained by a writer.
History —Aug. 12, 1995, No. 190, § 3, eff. 120 days after Aug. 12, 1995.