This excerpt refers specifically to the allotment of moneys for the Arts-:
Increase in Art and Culture Allowance
Mr. Speaker, we recognize the invaluable contribution made by the arts and culture in shaping Trinidad and Tobago’s heritage.
As a result, the government will increase the Arts and Culture Allowance applicable under the Corporation Taxes Act from $1 million to $2 million.
This measure is estimated to cost $10 million and will require amendments to the Corporation Tax Act, and will be effective from January 1st, 2011.
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