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The document proposes a "Rice Farming Property Tax Incentive Act" with the following key points: 1) It aims to stimulate rice cultivation in the Philippines by offering a 0% tax rate on properties used exclusively for rice farming. This seeks to incentivize investment in agriculture and food self-sufficiency. 2) It defines "Rice Farming Property" as land dedicated solely to rice cultivation and applies a 0% tax rate on related property taxes to encourage acquisition of land for rice farming. 3) It incl

Author

poly

Language

EN