2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter B - Treatment of Certain Income Items (§§ 30111 — 30119) › § 30111 - Income subject to preferred tax

(a) In general.— “Income subject to preferred tax rates” means the income subject to tax or tax rate different from regular income taxes on individuals, estates, trusts, partnerships and corporations imposed by §§ 30061—30076 of this title, including but not limited to:
(1) Special surtax on separate accounts.— Income subject to special surtax on separate accounts in accordance with § 30081 of this title.
(2) Net capital gains.— The net long-term capital gain subject to the taxes provided in § 30182 of this title.
(3) Alternative tax to corporations on net long-term capital gains.— The alternative tax to corporations on net long-term capital gains subject to taxation as provided in § 30083 of this title.
(4) Interest paid or credited on interest bearing accounts.— In the case of any individual, estate or trust who benefits from the provisions of § 30084 of this title, the interest received that were subject to the special tax rates under said section. Nothing provided in this clause shall affect in any way the tax imposed by § 30084 of this title on such interest.
(5) Nonexempt eligible interest that are paid or credited on bonds, notes or other liabilities or mortgage loans described in § 30085(b) of this title, that are subject to the special tax rate established in § 30085 of this title.
(6) Eligible dividend and distributive shares of partnerships.— In the case of an eligible person under § 30086 of this title, the eligible dividend or distributive share of a partnership received that was subject to the income taxes imposed by said section. Nothing provided in this clause shall affect in any way the tax imposed by § 30086 of this title on such distributions.
(7) Compensation paid by the international sports team associations or federations.— The compensation received or earned by any resident or nonresident individual from a sports team that is member of an international association or federation, association or affiliated entity, attributable to personal services rendered in Puerto Rico in connection with the holding of such association or federation games in Puerto Rico, which is subject to a twenty percent (20%) tax imposed by § 30087 of this title. Nothing provided in this clause shall affect in any way the tax imposed by said § 30087 of this title on such income. This clause shall apply to teams members of the following international associations or federation:
(A) Major League Baseball teams, including without it being understood as a limitation, the Office of the Commissioner of Major League Baseball, Major League Baseball Properties Inc., Major League Baseball Enterprises Inc., Baseball Television Inc., Major League Baseball Advanced Media, L.P. and their succeeding entities in connection with the holding of Major League Baseball games in Puerto Rico.
(B) National Basketball Association, including without it being understood as a limitation, the National Basketball Association Commissioner’s Office, the NBA TV, NBA Latin America Inc., the Women’s National Basketball Association, better known as the “WNBA” or the National Basketball Development League, better known as the “NBDL” and any succeeding entity in connection with the holding of “NBA” basketball games in Puerto Rico.
(8) Special tax on variable annuities in separate accounts.— Income subject to special tax on variable annuities pursuant to § 30088 of this title.
History —Jan. 31, 2011, No. 1, § 1032.01, retroactive to Jan. 1, 2011; Dec. 10, 2011, No. 232, § 21.