The bill proposes a 104‑hectare special economic zone and freeport in Cagwait, Surigao del Sur, to be run by a new authority (SDSEZA). It would offer a 5 % final tax on gross income, investor visas for foreign capital of at least US$200,000, and other fiscal incentives, while the national government and local units would fund and own most of the authority.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB02330. Status changes over time; check the link for the latest.
HB02330 · Sources: BetterGov Open Congress, BatasWatch
Similar in what they’d do, filed by any lawmaker.