P.R. Laws tit. 13, § 30547
2019-02-20 00:00:00+00
(a) Distributions. — The amounts distributed to preferred stock holders by a special corporation that is not subject to preferential tax treatment under any special statute with respect to tax exemptions which constitute a taxable dividend, shall be subject to a tax equal to ten percent (10%) of the amount of the distribution.
(b) Sale or exchange of preferred stock. — The gain from the sale or exchange of preferred stock in a special corporation shall be subject to a ten-percent (10%) tax over the amount of the realized gain, if any. In the event that a loss is sustained, the same shall be considered as a regular loss.
History —Jan. 31, 2011, No. 1, § 1113.17, retroactive to Jan. 1, 2011.