SECTION 1. Declaration of policy.&mdashIt shall be the policy of the government to encourage the establishment of basic industries through the grant of tax exemptions directed at accelerating the pace of economic and social development of our country.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationRA 3127 Section 1 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).