Thursday, April 17, 2008

Property tax exemption for 20 years #3

Law 21 of 2008 to extend the number of projects with a 20-year property tax exemption was finally enacted and is in force. The law is described in Property tax exemption for 20 years, BUT ... (reloaded).

Law 21 still does not clarify which exemption applies to homes with building permits dated between September 1, 2006 and June 30, 2009.

1 comment:

Moderator said...

Law 29 of June 2008 corrected the typo which did not clarify which exemption applied to homes with building permits issued between September 1, 2006 and June 30, 2009. There is a 20-year exemption for permits issued after July 1, 2009. Law 29 of 2008 is online at http://www.asamblea.gob.pa/APPS/LEGISPAN/PDF_NORMAS/2000/2008/2008_559_0695.PDF