HB 5906

An Act Exempting the Sale of Electricity to Residential Consumers from the Twelve Percent (12%) Value-Added Tax (VAT), Increasing the Minimum Non-Taxable Annual Income to Four Hundred Eighty Thousand Pesos (?480,000.00), Amending for the Purpose Sections 24(A)(2) and 109(1) of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes