AMENDING PRESIDENTIAL DECREE NO. 1349 DATED APRIL 13, 1978.

• Number: Presidential Decree No. 1388
• Sections: 2

Section 1

SECTION 1. Section 3 of Presidential Decree No. 1349 is

hereby amended to read as follows:

"SEC. 3. Any provision of law, executive order, rules or

regulations to the contrary notwithstanding, all donations or contributions made

by any person or entity to the Museum, including those received prior to its

formal constitution into a body corporate, shall be exempt from income and gift

taxes. Such donations or contributions shall be deductible in full from the

cross income of the person or entity making the donation or contribution and

shall be treated as a separate item of tax deduction in the sense that the same

shall not be included for purposes of computing the maximum, amount deductible

under Section 30, paragraph (h) of the National Internal Revenue Code, as

amended."

Section 2

SEC. 2. This Decree shall take effect immediately.

Done in the City of Manila, this 26th day of May, in the year of Our Lord,

nineteen hundred and seventy-eight.

(Sgd.) FERDINAND E. MARCOS

President of the

Philippines

By the President:

(Sgd.) JUAN C. TUVERA

Presidential Assistant