SB 670

Sale of Electricity by Generation and Distribution Companies and Electric Cooperatives

An Act Classifying the Sale of Electricity by Generation, Transmission and Distribution Companies and Electric Cooperatives, and the Service 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, Section 108 (A) (II) and 109 (1) of the National Internal Revenue Code, as Amended by Republic Act No. 9337, and for Other Purposes