Everlasting Development Corp. v. Descartes

ROBERTS, District Judge.

This is an action for declaratory judgment of the right of plaintiffs to tax exemption under The Industrial Tax Exemption Act of Puerto Rico, Law No. 184, of the Legislature of Puerto Rico, May 13, 1948, hereafter referred to as Tax Exemption Act. Plaintiffs, on June 30, 1948, filed a joint petition for industrial tax exemption with the Executive Council of Puerto Rico, requesting tax exemption under Sections 2a and 2b of the Tax Exemption Act. Their petition was denied by the Executive Council on November 23, 1949, and plaintiffs thereafter brought this action under *956th…