LEGISLATTIVE ASSEMBLY - REPUBLIC _____________________________________________________________________________________

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DECEMBER No. 512

THE LEGISLATIVE ASSEMBLY OF THE REPUBLIC OF THE SALVADOR,

CONSIDERING:

I.- That by Legislative Decree No. 150, dated October 2, 2003, published in Official Journal No. 198, Volume No. 361, of October 24 of the same year, was declared for a period of 3 years, exempt from payment of all kinds of taxes, including the municipalities that could cause the presentations made by Salvadoran musical sets and artists in their different specialties, according to table established in the same.

II.- That the decree was issued in the wake of the economic crisis in which national artists are going through, a situation that demotivates them to continue to develop, and therefore it was necessary to grant them tax incentives in order to contribute to their strengthening.

III.- That the effects of the said Decree have been extended on different occasions, the last being through Legislative Decree No. 166, dated 25 October 2012, published in Official Gazette No. 201, Volume No. 397, of 26 of the same month and year, reform that expires on 26 October of this year.

IV.- That the economic crisis through which the aforementioned musical groups and Salvadoran artists still persist, and because the maturity of this fiscal incentive is near, it is advisable to extend for two more years the effects established in the Legislative Decree No. 150 referred to in the first consideration of this Decree.

TANTO,

in the use of their constitutional powers and at the initiative of the Deputies Margarita Escobar, Lorena Guadalupe Peña Mendoza and Carmen Elena Calderón de Escalón, and the deputy David Ernesto Reyes.

RIGHT:

Art. 1.- For another two years, beginning on 26 October of this year, the provisions of Legislative Decree No. 150, dated 2 October 2003, published in Official Gazette No. 198, Volume No. 361, of 24 October of the same year.

Art. 2.- This Decree shall enter into force on the day of its publication in the Official Journal.

DADO en EL SALON AZUL DEL PALACIO LEGISLATIVE: San Salvador, on the seventeenth day of October of the year two thousand thirteen.

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LEGISLATTIVE ASSEMBLY - REPUBLIC _____________________________________________________________________________________

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OTHON SIGFRIDO MORALES, PRESIDENT.

ALBERTO ROMERO RODRIGUEZ, GUILLERMO ANTONIO GALLEGOS NAVARRETE, FIRST VICEPRESIDENT. SECOND VICEPRESIDENT.

JOSE FRANCISCO MERINO LOPEZ, FRANCISCO ROBERTO LORENZANA DURAN, TERCER VICEPRESIDENT. VICEPRESIDENT FOURTH.

ROBERTO JOSE d’AUBUISSON MUNGUIA, QUINTO VICEPRESIDENT.

LORENA GUADALUPE PEÑA MENDOZA, CARMEN ELENA CALDERON SOL DE ESCALON, FIRST SECRETARIAT. SECOND SECRETARIAT.

SANDRA MARLENE SALGADO GARCIA, JOSE RAFAEL MACHUCA ZELAYA, TERCERA SECRETARIA. SECRETARY FOURTH.

IRMA LOURDES PALACIOS VASQUEZ, MARGARITA ESCOBAR, QUINTA SECRETARIA. SECRETARY SIX.

FRANCISCO JOSE ZABLAH SAFIE, REYNALDO ANTONIO LOPEZ CARDOZA, SEPTIMO SECRETARIO. OCTAVO SECRETARY.

CASA PRESIDENCIAL: San Salvador, on the twenty-five days of October of the year two thousand thirteen.

PUBLIQUESE,

Carlos Mauricio Funes Cartagena, President of the Republic.

Juan Ramón Carlos Enrique Cáceres Chávez, Minister of Finance.

D. O. No. 199 Volume No. 401 Date: October 25, 2013

FNM/geg 22-11-2013

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