Full Title
AN ACT TO AMEND SECTION TWO OF REPUBLIC ACT NUMBERED THREE HUNDRED FIFTY-EIGHT BY WITHDRAWING THE EXEMPTION GRANTED TO THE NATIONAL POWER CORPORATION FROM PAYING REAL ESTATE TAX.
Congress
House Bill No.
H. No. 431
Legislative History
Date of Approval
June 2, 1954
Other Details
Issuance Category
Legislative Issuance Type
Bill Note
Link From Other Sources
URL (Supreme Court)
Official Gazette
Official Gazette Source
Official Gazette vol. 50 no. 6 page 2348 (6/00/1954)
Full Text of Issuance
Click to view full text
H. No. 431 / 50 OG No. 6, 2348 (June, 1954)
[ REPUBLIC ACT NO. 987, June 02, 1954 ]
AN ACT TO AMEND SECTION TWO OF REPUBLIC ACT NUMBERED THREE HUNDRED FIFTY-EIGHT BY WITHDRAWING THE EXEMPTION GRANTED TO THE NATIONAL POWER CORPORATION FROM PAYING REAL ESTATE TAX.
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: SECTION 1. Section two of Republic Act Numbered Three hundred fifty-eight is amended to read as follows:
"SEC. 2. To facilitate payment of its indebtedness, the National Power Corporation shall be exempt from all taxes, except real property tax, and from all duties, fees, imposts, charges, and restrictions of the Republic of the Philippines, its provinces, cities and municipalities."
SEC. 2. This Act shall take effect upon its approval. Approved, June 2, 1954.
Source: Supreme Court E-Library