The Bleachers

SOLON PUSHES FOR TAX EXEMPTION ON ALL DONATIONS FOR YOUTH AND SPORTS DEVELOPMENT PROGRAMS

PARANAQUE City Rep. Joy Myra Tambunting is pushing for a measure exempting from tax all donations, grants, endowments, or contributions used actually, directly, and exclusively for the government's youth and sports development programs and sports competitions.

/ 9 January 2022

In her House Bill 10145 or the proposed Tax Exemption for Donations for Youth and Sports Development Act, Tambunting said it is the mandate of the State to give priority to education, science and technology, arts, culture, and sports.

This aims to foster patriotism and nationalism, accelerate social progress, and promote total human liberation and development.

Tambunting stressed that lack of funding remains to be the leading problem of athletes competing in national and international competitions. 

“The financial struggle of our first and only Olympic Gold Medalist Hidilyn Diaz during her preparations for the 2020 Tokyo Olympics reminds us of the country’s inadequate support for its own athletes,” Tambunting said in her explanatory note.

The measure seeks to enhance and fill the gaps in the government’s youth and sports development programs by encouraging the private sector to support and contribute resources to youth and sports development through tax exemption.