P.R. Laws tit. 13, § 30509
2019-02-20 00:00:00+00
The amount of income, war-profit, and excess-profit taxes imposed by the United States, the possessions of the United States, and foreign countries shall be allowed as a credit against the tax of a domestic insurance company subject to the tax imposed by § 30501 or § 30507 of this title, to the extent provided in § 30201 of this title for domestic corporations, and in those cases, “net income”, as used in such section, means the net income as defined in this subchapter.
History —Jan. 31, 2011, No. 1, § 1111.09, retroactive to Jan. 1, 2011.