Bill Type
Congress Name
Long Title
AN ACT EXEMPTING RURAL ELECTRIC COOPERATIVES FROM THE PAYMENT OF THE FRANCHISE, BUSINESS AND REAL PROPERTY TAXES IMPOSED BY THE LOCAL GOVERNMENT CODE, AMENDING FOR THIS PURPOSE REPUBLIC ACT NO. 7160
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00356 |
| FULL TITLE : AN ACT EXEMPTING RURAL ELECTRIC COOPERATIVES FROM THE PAYMENT OF THE FRANCHISE, BUSINESS AND REAL PROPERTY TAXES IMPOSED BY THE LOCAL GOVERNMENT CODE, AMENDING FOR THIS PURPOSE REPUBLIC ACT NO. 7160 |
| ABSTRACT : The rural electric cooperatives (RECs) are the partners of the government in the implementation of certain social programs geared to the improvement of the quality of life for rural dwellers. However, the government does not provide the RECs with adequate funds and operating subsidies to support the cash flow requirement their programs. The bill seeks to exempt RECs from the payment of franchise, business and real property taxes to enable them to pursue their missionary of rural electrification. |
| PRINCIPAL AUTHOR/S : BARINAGA, ROSELLER L. |
| DATE FILED : 2004-07-01 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Badelles (042 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2004-07-27 |
Abstract
The rural electric cooperatives (RECs) are the partners of the government in the implementation of certain social programs geared to the improvement of the quality of life for rural dwellers. However, the government does not provide the RECs with adequate funds and operating subsidies to support the cash flow requirement their programs. The bill seeks to exempt RECs from the payment of franchise, business and real property taxes to enable them to pursue their missionary of rural electrification.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.