Section 1
Section 1. All taxes, except income tax, imposed on the business operations of the Cultural Center of the Philippines shall, in lieu of being paid directly to the Bureau of Internal Revenue be remitted directly to the Cultural Center of the Philippines, such fund to be used by the Center for its cultural activities. As such, these taxes shall be part of the expenses of its business operations and shall not in any way place the business operations of the Center such as the hotel, at an undue advantage over the other hotels which are required by law to pay these taxes.