Bill Type
Long Title
AN ACT CLASSIFYING THE SALE OF ELECTRICITY BY GENERATION, TRANSMISSION AND DISTRIBUTION COMPANIES AND ELECTRIC COOPERATIVES, AND THE SERVICES OF FRANCHISE GRANTEES OF ELECTRIC UTILITIES, AND SALE OR IMPORTATION OF MACHINERY AND EQUIPMENT DIRECTLY USED IN GENERATION, TRANSMISSION, AND DISTRIBUTION OF ELECTRICITY AS VALUE-ADDED TAX EXEMPT TRANSACTIONS, AMENDING FOR THE PURPOSE, SECTIONS 108 (A) (II) AND 109 (1) OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED BY REPUBLIC ACT NO. 9337, AND FOR OTHER PURPOSES
Short Title
AMENDING SECS. 108 & 109, NATIONAL INTERNAL REVENUE CODE
Date filed
March 18, 2015
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
67
Session Type

Committee Details

Primary Committee
Secondary Committee

Legislative History

Entitled:
AN ACT CLASSIFYING THE SALE OF ELECTRICITY BY GENERATION, TRANSMISSION AND DISTRIBUTION COMPANIES AND ELECTRIC COOPERATIVES, AND THE SERVICES OF FRANCHISE GRANTEES OF ELECTRIC UTILITIES, AND SALE OR IMPORTATION OF MACHINERY AND EQUIPMENT DIRECTLY USED IN GENERATION, TRANSMISSION, AND DISTRIBUTION OF ELECTRICITY AS VALUE-ADDED TAX EXEMPT TRANSACTIONS, AMENDING FOR THE PURPOSE, SECTIONS 108 (A) (II) AND 109 (1) OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED BY REPUBLIC ACT NO. 9337, AND FOR OTHER PURPOSES
[ SECOND REGULAR SESSION, 16TH CONGRESS ]
[ 2015 ]
3/18/2015 Introduced by Senator SERGIO R. OSMENA III;
3/18/2015 Read on First Reading and Referred to the Committee(s) on WAYS AND MEANS; and ENERGY;
(Pursuant to paragraph g, Sec. 7, Rule V of the Rules of the Senate, all Senate Bills pending in the committee/s, with pertinent documents, transmitted to the Legislative Records and Archives Service, for safekeeping and preservation on July 19, 2016)
(Prepared by the Indexing, Monitoring and LIS Section, Legislative Bills and Index Service)