P.R. Laws tit. 23, § 3058
(a) It is hereby resolved and declared that the purposes for which the Authority is created and shall exercise its powers are for the promotion of safety, health and general welfare of the People of Puerto Rico, which constitute public purposes for the benefit of the People, and that the exercise of the powers vested in the Authority by this chapter constitute an essential government function; therefore, the Authority shall not be required to pay any Commonwealth or municipal tax, assessment, excise or license fees except those licences fees provided under Section 15-102 of Act No. 141 of July 20, 1960, known as the “Vehicle and Traffic Law of Puerto Rico”, levied on property acquired by it or under its jurisdiction, control, possession or supervision, or on any of the operations of the Authority, or on the revenues derived from or by any of its undertakings and activities.
(b) The Authority shall also be exempt from the payment of all kinds of fees, taxes or imposts heretofore or hereafter required by law for the prosecution of judicial proceedings, the issuing of certifications in all offices and dependencies of the Commonwealth or its municipalities, and the execution of public documents and their registration in any registry of the Commonwealth.
(c) In order to facilitate the procurement of funds by the Authority to enable it to carry out its corporate purposes, the bonds issued by the Authority and the income therefrom shall be and remain at all times exempt from taxation.
(d) All the payments made by the Authority to foreign corporations or partnerships not engaged in business in Puerto Rico or to non-residents in Puerto Rico, shall be exempt from the payment of income taxes and from the withholding requirements that would otherwise be applicable.
History —June 10, 1974, No. 62, Part 1, p. 239, § 8; Sept. 27, 1994, No. 112, § 6.