Section 32Sec./Art. 32

Tax Exemptions. -The provisions of any general or special law to the contrary notwithstanding:

(a) All revenues and asses of the BatStateU used for educational purposes or in support thereof shall be exempt from all taxes;

(b) All grants, bequests, endowments, donations and contributions made to and used actually, directly and exclusively for educational purposes by the BatStateU shall be exempt from donor's tax and the same shall be considered as allowable deductions from gross income for purposes of computing the taxable income of the donor in accordance with the provisions of the National Internal Revenue Code of 1997, as amended;

(c) Importation by the BatStateU of economic, technical, vocational, scientific, philosophical, historical and cultural books, supplies and materials duly certified by the Board and the CHED, including scientific and educational computer and software equipment, shall be exempt from customs duties in accordance with the provisions of Republic Act No. 10863, otherwise known as the "Customs Modernization and Tariff Act (CMTA)"; and

(d) All academic awards shall be exempt from taxes.