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
August 6, 2002
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 5080, 12th Congress of the Republic |
| 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 : Rationale: The rationale behind the grant of Tax Exemption Privileges to Electric Cooperatives is to ensure that the electric rates will remain reasonably low and affordable.> The imposition of the franchise, business and property tax on rural electric cooperatives by the Local Government Code of 1991 will deplete the EC's scarce resources and eventually render it incapable of pursuing its missionary role of rural electrifiction, which our poor rural inhabitants so richly deserve. |
| PRINCIPAL AUTHOR/S : PABLO, ERNESTO C. |
| DATE FILED : 2002-08-06 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2002-08-12 |
Abstract
"Rationale: The rationale behind the grant of Tax Exemption Privileges to Electric Cooperatives is to ensure that the electric rates will remain reasonably low and affordable.> The imposition of the franchise, business and property tax on rural electric cooperatives by the Local Government Code of 1991 will deplete the EC's scarce resources and eventually render it incapable of pursuing its missionary role of rural electrifiction, which our poor rural inhabitants so richly deserve."
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.