Republic Acts1 min read
Section 5Sec./Art. 5
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Additional deduction for expenses incurred for the adoption. – Provisions of existing laws to the contrary notwithstanding, expenses incurred by the adopting entity for the "Adopt-A-School Program" shall be allowed an additional deduction from the gross income equivalent to fifty percent (50%) of such expenses.
Valuation of assistance other than money shall be based on the acquisition cost of the property. Such valuation shall take into consideration the depreciated value of the property in case said property has already been used.
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