Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 933
Income from sources within Puerto Rico
The following items shall not be included in gross income and shall be exempt from taxation under this subtitle:
# (1)
Resident of Puerto Rico for entire taxable year In the case of an individual who is a bona fide resident of Puerto Rico during the entire taxable year, income derived from sources within Puerto Rico (except amounts received for services performed as an employee of the United States or any agency thereof); but such individual shall not be allowed as a deduction from his gross income any deductions (other than the deduction under section 151, relating to personal exemptions), or any credit, properly allocable to or chargeable against amounts excluded from gross income under this paragraph.
# (2)
Taxable year of change of residence from Puerto Rico In the case of an individual citizen of the United States who has been a bona fide resident of Puerto Rico for a period of at least 2 years before the date on which he changes his residence from Puerto Rico, income derived from sources therein (except amounts received for services performed as an employee of the United States or any agency thereof) which is attributable to that part of such period of Puerto Rican residence before such date; but such individual shall not be allowed as a deduction from his gross income any deductions (other than the deduction for personal exemptions under section 151), or any credit, properly allocable to or chargeable against amounts excluded from gross income under this paragraph.
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Nearby sections (25 sections)
- 904 · Limitation on credit
- 905 · Applicable rules
- 906 · Nonresident alien individuals and foreign corporations
- 907 · Special rules in case of foreign oil and gas income
- 908 · Reduction of credit for participation in or cooperation with an…
- 909 · Suspension of taxes and credits until related income taken into…
- 911 · Citizens or residents of the United States living abroad
- 912 · Exemption for certain allowances
- 913 · [§913. Repealed. Pub. L. 97–34, title I, §112(a), Aug. 13, 1981,…
- 921 · [§§921 to 927. Repealed. Pub. L. 106–519, §2, Nov. 15, 2000, 114…
- 931 · Income from sources within Guam, American Samoa, or the Northern…
- 932 · Coordination of United States and Virgin Islands income taxes
- 933 · Income from sources within Puerto Rico
- 934 · Limitation on reduction in income tax liability incurred to the…
- 934A · [§934A. Repealed. Pub. L. 99–514, title XII, §1275(c)(3), Oct.…
- 935 · [§935. Repealed. Pub. L. 99–514, title XII, §1272(d)(2), Oct. 22,…
- 936 · [§936. Repealed. Pub. L. 115–141, div. U, title IV,…
- 937 · Residence and source rules involving possessions
- 941 · [§§941 to 943. Repealed. Pub. L. 108–357, title I, §101(b)(1),…
- 951 · Amounts included in gross income of United States shareholders
- 951A · Global intangible low-taxed income included in gross income of…
- 952 · Subpart F income defined
- 953 · Insurance income
- 954 · Foreign base company income
- 955 · [§955. Repealed. Pub. L. 115–97, title I, §14212(a), Dec. 22,…