P.R. Laws tit. 13, § 30553
(a) Income and deductions. — Gross income of a special partnership for any taxable year shall be determined as provided in §§ 30101 and 30102 of this title. Likewise, net income or loss shall be determined for any taxable year as in the case of any other partnership, except that it shall separately determine the items described in § 30556(a) of this title, and:
(1) No deduction shall be allowed for net operating losses as provided in § 30134 of this title.
(2) No deduction shall be allowed for taxes as provided in § 30124 of this title with regard to the taxes described in § 30201 of this title.
(3) The deductions provided in §§ 30072(d) and 30139 of this title shall not be allowed.
(4) It shall be entitled to flexible depreciation as provided in Section 1040 within the limitations of said section, and to accelerated depreciation as provided in § 30181 of this title.
(b) Special partnership options. — Any option affecting the computation of a special partnership’s net income shall be made by the partnership.
History —Jan. 31, 2011, No. 1, § 1114.03, retroactive to Jan. 1, 2011.