COUNCILOR Leandro Yangot has proposed an ordinance that would see tax cuts for establishments that provide “creative spaces” within their areas to showcase arts and culture.
Under the ordinance, a five percent tax discount would be available to said establishments as long as they are properly accredited by the city administrator.
“It is but appropriate that these establishments with creative spaces be granted business tax incentives as a way of showing the city’s appreciation for their significant role in promoting the creativity and culture of Baguio City and the Cordillera Region,” Yangot said.
Yangot added that the city has been declared by the United Nations Educational, Scientific and Cultural Organization (UNESCO) as a creative city and the first city in the country to be vested with such distinct honor of being part of the UNESCO Creative Cities Network (UCCN) whose advocacy centers on fostering the power of creative for economic resiliency and sustainable.
“It is therefore best to have duly-identified and recognized areas in the city particularly in the six growth nodes where city artists can display, market, and store their wonderful masterpieces,” Yangot said.