In Puerto Rico, "bona fide farmers" are exempted from paying all types of excises for equipment, articles and objects whose operation depend solely on solar, wind, hydro or any other type of power, excluding the power produced by petroleum and its derivatives. A "bona fide farmer" is generally defined as a farmer certified by the government and who derives at least 50% of his or her gross income from the agricultural business as an operator, owner or lessee as declared in his or her income tax return.
It should be noted that that this exemption is part of a larger tax incentives package aimed at supporting Puerto Rican farmers.
|Incentive Type:||Sales Tax Incentive|
|Administrator:||Departmento de Hacienda|
|Eligible Renewable/Other Technologies:||
|Incentive Amount:||100% exemption|
|Technologies:||Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Hydroelectric (Small)|
|Parameters:||The incentive is 100.00 %|
|Name:||13 L.P.R. § 10405|
|Name:||General Info D.A.|
|Organization:||Department of Agriculture|
P.O. Box 10163
Santurce PR 00909
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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