HB 4502

An Act Imposing on Distribution Utilities an Aggregate and Uniform Five Centavos Tax Per Kilowatt Hour of Electricity Sold, in Lieu of the Franchise Tax Per Section 137, Business Tax Per Section 142 and Property Tax on Certain Electrical Materials and Equipment Under Section 1999(A) of RA 7160 with the End in View of Reducing the Cost of Electricity Borne by Consumers