Bill Type
Congress Name
Long Title
AN ACT RESTORING THE TAX EXEMPTION PRIVILEGES OF LOCAL WATER DISTRICTS UNDER SECTION 46 OF PRESIDENTIAL DECREE NO. 198, AS AMENDED AND FOR OTHER PURPOSES
Date filed
October 26, 2005
Scope
Legislative History
| House Bill/Resolution NO. HB04871 | |
| FULL TITLE : AN ACT RESTORING THE TAX EXEMPTION PRIVILEGES OF LOCAL WATER DISTRICTS UNDER SECTION 46 OF PRESIDENTIAL DECREE NO. 198, AS AMENDED AND FOR OTHER PURPOSES | |
| ABSTRACT : The bill aims to: a) restore the tax exemption privileges enjoyed by water districts under PD 193 for a period of ten years; b) exempt water districts from RA 7656 which require government-owned and controlled corporations to remit 50% of their annual net income to government, and c) condone all unpaid taxes, duties and required remittances to the government. | |
| PRINCIPAL AUTHOR/S : MICHAEL JOHN "JACK" R. DUAVIT | |
| DATE FILED : 2005-10-26 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Rodriguez | 2. Puno |
| 3. Sumulong | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2005-11-08 |
Abstract
The bill aims to: a) restore the tax exemption privileges enjoyed by water districts under PD 193 for a period of ten years; b) exempt water districts from RA 7656 which require government-owned and controlled corporations to remit 50% of their annual net income to government, and c) condone all unpaid taxes, duties and required remittances to the government.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.