Section 12
SEC. 12. Section 9 of the same Act is hereby amended to read as follows: "SEC. 9. Additional Incentives.— (a) The Board shall grant additional incentives whenever a registered export producer establishes its processing or manufacturing plant in an area that the Board designates as necessary for the proper dispersal of industry or in an area which the Board finds deficient in infrastructure public utilities, and other facilities. These additional incentives shall consist of any or all of the following: (1) to use an amount equivalent to double its direct labor cost in applying the formula for reduced income tax provided in paragraph (b) of Section 7 of this Act; (2) to apply in payment of taxes that may be due from it to the National Government, an amount equivalent to one hundred per cent (100%) of necessary infrastructure works, in harmony with projects approved by law, undertaken by the registered export producer with the prior approval of the Board and the concurrence of the Department of Public Works, Transportation and Communications any appropriate government agency, such as port works, waterworks, aircraft landing facilities, roads and bridges leading from the plant to a loading point or to a rational highway or poblacion, and other similar projects that are normally undertaken by the government: Provided, That the title to all such infrastructure works shall upon completion, be transferred to the Philippine Government: Provided, further, That should the registered export producer undertake necessary maintenance work on such infrastructure works with the prior approval of the Board, a similar incentive shall be given to it in an amount equivalent to the cost of such necessary maintenance. Whenever a registered export producer or export trader shall use a new brand name for an export produce that distinguishes it from produces manufactured or processed outside the Philippines, the Board shall grant the registered export producer directly exporting its product or export trader who exports the same an additional incentive in the form of either (1) a net operating loss carryover as provided for in Section 7, paragraph (c) of Republic Act Numbered Fifty-One Hundred Eighty-Six, known as the Investment Incentives Act; or (2) an additional deduction from taxable income equivalent to one per cent (1%) of the increment of its export sales during the year in which the incentive is claimed to the export gales of the preceding year; Provided, That the registered export producer or export trader shall choose at the time of applying for said additional incentives which of the two incentives he prefers to enjoy, and such choice shall be binding."