P.R. Laws tit. 13, § 30503
2019-02-20 00:00:00+00
In the case of a life insurance company, the term “net income” means the gross income, minus those expenses directly related to the production and earning of the gross income.
History —Jan. 31, 2011, No. 1, § 1111.03, retroactive to Jan. 1, 2011.