Tax Incentives for Rehab of Heritage Buildings in Iloilo City Eyed
Iloilo City: The local government is considering giving additional tax incentives to owners of heritage buildings along Calle Real and other similar structures and houses identified by the Iloilo City Cultural Heritage Council. “We are already talking to the finance committee for additional real property tax incentives,” Mayor Jerry Tre±as said in an interview on Tuesday. He said they want to give the maximum number of years for owners to recoup their expenses if ever they would rehabilitate or repaint their buildings. “As long as we can sustain, we are ready to give them more incentives,” Tre±as said. According to