HB 2996
House·20th Congress·Filed Aug 4, 2025
An Act Establishing a Special Economic Zone in the City of Legazpi in the Province of Albay to Be Known as the Legazpi Special Economic Zone, Creating for the Purpose the Legazpi Special Economic Zone Authority, and Appropriating Funds Therefor
In plain language
The proposal would create the Legazpi Special Economic Zone and a new Authority to run it, giving the zone special customs status, tax breaks, and the ability for foreign investors to set up businesses, while the national government and local officials would oversee security and funding.
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HB02996 · Sources: BetterGov Open Congress, BatasWatch