Section 12. Tax Exemptions.— Any donation, contribution and grant which may be made to the programs implemented under the NPRP shall be exempt from the donor‘s tax in accordance with the specific provisions of the National Internal Revenue Code of 1997. as amended by Republic Act No. 10963 or the “Tax Reform for Acceleration and Inclusion”.

The implementers of the socialized housing resettlement program shall enjoy the incentives stated in Section 20 of Republic Act No. 7279, otherwise known as the “Urban Development and Housing Act of 1992”, subject to the new guidelines under Republic Act No. 10884 or the “Balanced Housing Development Program Amendments”.