Senate Bill No. 2136, 17th Congress of the Republic

Long Title
AN ACT GRANTING ONE-TIME CONDONATION OF INTEREST ARREARAGES AND PENALTIES IN FAVOR OF QUALIFIED LOCAL WATER DISTRICTS (LWDS) PERTAINING TO THEIR LOANS WITH THE LOCAL WATER UTILITIES ADMINISTRATION (LWUA)
Short Title
CONDONATION OF LOAN INTEREST ARREARAGES AND PENALTIES IN FAVOR OF LOCAL WATER DISTRICTS ACT OF 2018
Author
ANGARA, SONNY
Date filed
December 13, 2018
Subjects
LOCAL WATER DISTRICTS
CONDONATION
LOANS/FORBEARANCES (RATES OF INTEREST)
LOCAL WATER UTILITIES ADMINISTRATION (LWUA)

Republic Act No. 10026

Full Title
AN ACT GRANTING INCOME TAX EXEMPTION TO LOCAL WATER DISTRICTS BY AMENDING SECTION 27 (C) OF THE NATIONAL INTERNAL REVENUE CODE (NIRC) OF 1997, AS AMENDED, AND ADDING SECTION 289-A TO THE CODE, FOR THE PURPOSE.
Issuance Category
Legislative Issuance
Legislative Issuance Type
Republic Act
Congress
14th Congress of the Republic
Date of Approval
March 11, 2010
Subjects
LOCAL WATER DISTRICTS
TAXATION, EXEMPTION FROM
WATER
NATIONAL INTERNAL REVENUE CODE OF 1997 -- AMENDMENTS AND REPEALS
TAX EXEMPTIONS
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