Bill Type
Congress Name
Long Title
AN ACT PROVIDING FOR THE INCLUSION OF ALL ELECTRIC COOPERATIVES ORGANIZED AND EXISTING UNDER PRESIDENTIAL DECREE NO. 269, AS AMENDED, AND REGISTERED WITH THE NATIONAL ELECTRIFICATION ADMINISTRATION (NEA) WITHIN THE COVERAGE OF TAX EXEMPTION PRIVILEGES AND INCENTIVES, AMENDING FOR THE PURPOSE THE LOCAL GOVERNMENT CODE OF 1991
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00419 | |
| FULL TITLE : AN ACT PROVIDING FOR THE INCLUSION OF ALL ELECTRIC COOPERATIVES ORGANIZED AND EXISTING UNDER PRESIDENTIAL DECREE NO. 269, AS AMENDED, AND REGISTERED WITH THE NATIONAL ELECTRIFICATION ADMINISTRATION (NEA) WITHIN THE COVERAGE OF TAX EXEMPTION PRIVILEGES AND INCENTIVES, AMENDING FOR THE PURPOSE THE LOCAL GOVERNMENT CODE OF 1991 | |
| ABSTRACT : Sections 193 and 234 of the Local Government Code (LGC) effectively withdrew the tax exemption benefits enjoyed by electric cooperatives. The withdrawal of the incentive caused electric cooperatives to suffer heavy financial losses. This bill seeks to exempt electric cooperatives from the payment of real property taxes and other fees imposed by the local government units. It seeks to include all electric cooperatives organized under PD 269, as amended, and registered with the National Electrification Administration, within the coverage of tax exemption privileges and incentives granted under the LGC. | |
| PRINCIPAL AUTHOR/S : LACSON, JOSE CARLOS V. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Arroyo (006 ) | 2. Codilla (010 ) |
| 3. Badelles (045 ) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2004-07-27 |
Abstract
Sections 193 and 234 of the Local Government Code (LGC) effectively withdrew the tax exemption benefits enjoyed by electric cooperatives. The withdrawal of the incentive caused electric cooperatives to suffer heavy financial losses. This bill seeks to exempt electric cooperatives from the payment of real property taxes and other fees imposed by the local government units. It seeks to include all electric cooperatives organized under PD 269, as amended, and registered with the National Electrification Administration, within the coverage of tax exemption privileges and incentives granted under the LGC.
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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.