Agricultural Development Act Article 54

In meeting the needs for future agricultural development, the government shall establish an agricultural development fund of NT$150 billion to promote farmers’ welfare and agricultural development. The sources of the said agricultural development fund, in addition to donations, shall be secured to fulfill the set amount through government budget planning in 12 years.The said donations, with the certification from the competent authorities, may be exempted from income tax or be listed as expenditure of the concurrent year in pursuance with the provisions of the Tax Law.The agricultural development fund established by the central competent authority shall be used for the purposes of improving farmers’ welfare or agricultural development. The regulations for the revenue and expenditure, the custody and the utilization of the said fund shall be formulated by the Executive Yuan.