English: The bill exempts from paying amusement taxes locally produced film productions, musical plays, operas, concerts, dramas, recitals, painting and art exhibitions, flower shows, musical programs, and literary and oratorical presentations - provided that the copyright of such locally produced work is owned by Filipino/s and that at least 10% of the equity of such local productions is owned by Filipinos as certified by the Department of Trade and Industry or the Securities and Exchange Commission.
Filipino: Exempted sa amusement taxes sa ilalim ng panukalang batas ang locally produced na film productions, musical plays, operas, concerts, dramas, recitals, painting at art exhibitions, flower shows, musical programs, at literary and oratorical presentations - kung saan ang copyright ay sa pagmamay-ari ng Pilipino; at hindi bababa sa 10% equity ng local productions ay sa pagmamay-ari ng Pilipino, na sertipikado ng Department of Trade and Industry o ng Securities and Exchange Commission.