Section 9Sec./Art. 9

A new Subsection designated as Section 288(G) of the National Internal Revenue Code of 1997, as amended, is hereby added to read as follows:

SEC. 288.Disposition of Incremental Revenues.

(A) x x x

x x x

(G)Disposition of Revenues from Gaming Tax on Offshore Gaming Licensees. The provisions of existing law to the contrary notwithstanding, sixty-percent (60%) of the total revenue collected from the gaming tax imposed on offshore gaming licensees shall be allocated and used exclusively in the following manner:

(1) Sixty percent (60%) for the implementation of Republic Act No. 11223, otherwise known as the Universal Health Care Act;

(2) Twenty percent (20%) shall be allocated to the Health Facilities Enhancement Program (HFEP), the annual requirements of which shall be determined by the Department of Health; AND

(3) Twenty percent (20%) shall be allocated for the attainment of the Sustainable Development Goals (SDGs):Provided,That the specific SDG targets shall be determined by the National Economic and Development Authority.