EXEMPTING FROM TAXATION ALL DONATIONS TO THE NATIONAL MUSEUM, THE NATIONAL LIBRARY AND THE ARCHIVES OF THE NATIONAL HISTORICAL INSTITUTE

WHEREAS, museums, national libraries and archives depend
mostly on donations for the support of their projects or the acquisition
of items for their collections.

WHEREAS, in most countries donations to museums, national
libraries and archives are tax-exempt, like donations to charitable
institutions.

WHEREAS, many collectors have expressed willingness to
donate items to the National Museum, the National Library and our
archives under the National Historical Institute but are deterred by
present taxation policies.

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers in me vested by the Constitution as
Commander-in-Chief of all the Armed Forces of the Philippines, and
pursuant to Proclamation No. 1081, dated September 21, 1972, and General
Order No. 1, dated September 22, 1972, do hereby decree, order and make
part of the law of the land, the following:

SECTION 1. All monetary contributions and the equivalent
monetary value of works of art, antiques, manuscripts, books or other
articles of cultural, historical or scientific significance, donated to
the National Museum, the National Library and the National Historical
Institute, are tax-exempt and deductible from the taxable income of the
donor.

SEC. 2. The Director of the National Museum, the Director
of the National Library and the Chairman of the National Historical
Institute, in the case of the national archives, are each hereby
authorized to convene a panel of experts who shall pass on the merit of
the item or items offered as donation to their respective collections
and shall determine the valuation thereof.

SEC. 3. All laws inconsistent with this Decree are hereby
repealed or modified accordingly.

SEC. 4. This Decree shall take effect immediately.

Done in the City of Manila, this 9th day of January, in the year
of Our Lord, nineteen hundred and seventy-four.