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Fighting Cock Breeding & Spur Reproduction
Tax incentive for fighting cock breeding and spur reproduction operations supporting culturally significant activities.
6 min
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Section Code:
2081.01(a)(2)(xi)
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Purpose:
Agroindustry — 2081.01(a)(2)(xi)
Overview
The Fighting Cock Breeding & Spur Reproduction designation under Section 2081.01(a)(2)(xi) of Act 60-2019, as amended, provides preferential tax treatment for operations breeding fighting cocks and reproducing spurs for cockfighting activities. This designation recognizes cockfighting's cultural significance in Puerto Rico while supporting related agricultural activities.
Qualifying breeders may receive reduced corporate income tax rates, property tax exemptions on breeding facilities, and municipal tax relief. The program supports breeding operations and spur reproduction businesses serving the cockfighting industry.
The key distinction is its specific focus on cockfighting-related agricultural activities reflecting cultural traditions in Puerto Rico.
Key Benefits
Reduced Corporate Income Tax Rate
Breeding operations may receive reduced rates on income from fighting cock breeding and spur sales.
Property Tax Exemptions
Breeding facilities, equipment, and infrastructure may receive property tax exemptions.
Municipal Tax Relief
Breeding operations may receive exemptions from municipal license taxes.
Cultural Industry Support
The designation recognizes and supports cultural traditions involving cockfighting in Puerto Rico.
Requirements & Obligations
Breeding Operations Requirements
Operations must involve genuine fighting cock breeding or spur reproduction activities.
Animal Welfare Compliance
Breeding operations must comply with applicable animal welfare regulations and standards.
Business Structure
Operators must establish appropriate business entities and register with authorities.
Employment
Breeding operations must employ Puerto Rico residents.
Reporting
Annual reports document breeding activities, revenues, and employment.
How to Apply
Applications typically require four (4) to six (6) months. Applications include breeding operation descriptions, facility plans, and financial projections. Upon approval, operators commence breeding operations.
This information is educational and should not be considered legal or tax advice. Applicants should consult with qualified legal and tax professionals familiar with Puerto Rico incentive programs before making any business decisions or submitting applications.
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