An Act Harmonizing Incentives for the Conservation and Protection of Philippine Cultural Heritage, Amending for the Purpose Republic Act No. 10066, or the National Cultural Heritage Act of 2009
The proposal would give owners of important historic buildings tax breaks—such as exemption from transfer taxes, lower property taxes, a 5 % corporate tax rate for businesses inside the sites, and tax credits for restoration—to make preserving them cheaper and more attractive.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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SBN-2091 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.