A. Fiscal Incentives. - Exemption for a period of three (3) to five (5) years from real property taxes, including the Special Education Fund to the full amount of the share of the province shall be granted to enterprises on the basis of the amount of their investments as follows:

1. For New and Pioneering Enterprises:

a. With capitalization of One Million Pesos (P1,000,000.00) to Ten

Million Pesos (P1 0,000,000.00); three (3) years.

b. With capitalization of more than Ten Million Pesos (P10,000,000.00) to Fifty Million Pesos (P50,000,000.00); four (4) years.

c. With capitalization of more than Fifty Million Pesos

(P50,000,000.00); five (5) years.

2. For Expanding Enterprises:

a. With additional investment of One Million Pesos

(P1,000,000.00) to Ten Million Pesos (P10,000.00); three (3) years.

b. With additional investment of more than Ten Million Pesos (P10,000,000.00) to Fifty Million Pesos (P50,000,OOO.00); four (4) years.

c. With additional investment of more than Fifty Million Pesos (P50,000,000.00); five (5) years.

Provided that additional years of exemption for additional investment shall be granted only when by reason of such additional investment, the expanding enterprise falls under a higher bracket in which case it shall enjoy the period of exemption for the same bracket which period shall include the period of exemption granted prior to the expansion; and provided further, that the maximum five-year exemption for enterprises with capitalization and/or additional investment of more than Fifty Million Pesos (P50,000,000.00) may be extended upon application and approval of the Board; and provided finally, that the grant of fiscal incentives under this Code shall commence at the start of the business.

3. Other Fiscal Incentives:

a. Exemption from the payment of Governor's Permit and corresponding Provincial Tax of the following taxes for a period of one (1) year to qualified registered new and pioneering enterprises engaged in:

1. Printing and Publication;

2. Amusement (Provincial share only);

3. Franchising;

4. Sand and Gravel quarrying (Provincial share only);

5. Delivery van/trucks; and

6. Exemption from payment of Transfer Tax on acquired

properties to be utilized for business.

b. Infrastructure expenditures outside the place of business within the Province of South Cotabato can be added on to capitalization as defined by this Code, provided that the project is directly related to the investment subject to the approval of the Board.

B. Non-Fiscal Incentives. - The following non-fiscal incentives under this Code shall comprise of the services of the SCIPB and the SCIPC relative to the following:

a. Simplified registration;

b. Access to information;

c. Facilitation of joint venture arrangement;

d. Linkages with other agencies; and

e. Other related services.