Incentives to be Granted.
Section 2
SEC. 2. Incentives to be Granted. — In order to effect the accelerated, complete and successful implementation of the program and the attainment of its objectives, the following incentives are hereby provided: To those industries undertaking the necessary measures to control pollution in the area and to those agencies involved in low and medium cost housing, parks, small-scale industries and land easements along the river banks, all duties paid on anti-pollution devices and equipment of the agencies involved in activities under the program shall be reimbursed by the Government. Provided also that all expenses inclusive of research shall be allowed as deductible items from the taxable income of these industries and agencies. To those industries/persons whose activities will enhance the utilization of Pasig River and its environs for tourism purposes, (c. g., regatta activities, floating restaurants, etc.) the same incentives as those provided in (a) above shall hold. Provided in addition, that other provisions governing Incentives Law on Tourism Priorities Plan of the National Government shall also apply.