WHEREAS, the Local Government Code of the Philippines empowers the local government unit to grant tax exemptions, incentives or reliefs to encourage investment for economic growth and progress in the countryside;

WHEREAS, there is a need to grant tax exemptions and investment incentives to qualified enterprises in the Municipality of Miagao in order to improve and develop the municipality’s investments climate and attract both foreign and local investors in business and industry; WHEREAS, the comprehensive investment incentives program will serve to promote and attract private investments, both foreign and domestic, which could accelerate economic and tourism growth in the municipality and in the province as a whole; NOW THEREFORE, be it ordained, by the Sangguniang Bayan of the Municipality of Miagao, in session duly assembled that: