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6, 2011 DATE
NR # 2609
REF. NO.
NR # 2609
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 allowable deduction from gross income in the computation of the donors 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. (30) lvc