NEW AGRARIAN EMANCIPATION ACT
Ferdinand Marcos, Jr. signs into law Republic Act (RA) No. 11953 or the "New Agrarian Emancipation Act", condoning all principal loans, unpaid amortizations and interests, and exempting payment of estate tax on agricultural lands awarded under the Comprehensive Agrarian Reform Program.
This Act shall cover the condonation of P57.557 billion principal debt of 610,054 Agrarian Reform Beneficiaries (ARBs), tilling a total of 1,173,101.57 hectares of agrarian reform lands.
RTVM
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