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NR # 2627
REF. NO.
NR # 2627
REF. NO.
Under the measure, a Memorandum of Agreement (MOA) shall be executed by and between the adopting entity or individual and the Secretary of the Department of Environment and Natural Resources (DENR), or the Secretary of the Department of Agriculture (DA), or the Chairman of the Palawan Council for Sustainable Development (PCSD) stipulating the terms and conditions of the adoption in accordance with R.A. 9147. The bill grants tax exemption on any donation, contribution, request or grant which shall be made to the Adopt-A-Wildlife Species Program by the adopting entity or individual from donors tax and shall be considered as an allowable deduction from gross income in the computation of the donor's income tax. The bill mandates the DENR, DA, and the PCSD in consultation with the Department of Finance (DOF) to jointly formulate the rules and regulations to implement the relevant provisions of this Act. Co-authors of the measure include Reps. Francisco Matugas (1st District, Surigao del Norte), Joseph Emilio Abaya (1st District, Cavite), Hermilando Mandanas (2nd District, Batangas) and Nancy Catamco (2nd District, North Cotabato). (30) lvc