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
Year:
2010
Category:
Other
Date Approved:
August 13, 1996
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act grants income tax exemption to local water districts by amending the National Internal Revenue Code. It aims to support local water districts in expanding water services coverage and improving water quality by allowing them to use the funds saved from the tax exemption for capital expenditures.Full Text
Fourteenth Congress
Third Regular Session
Begun and held in Metro Manila, on Monday, the twenty-seventh day of July, two thousand nine.
REPUBLIC ACT NO. 10026
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
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Section 27(C) of the National Internal Revenue Code (NIRC) of 1997, as amended by Republic Act No. 9337, is hereby further amended to read as follows:
Section 2. A new section, designated as Section 289-A under Chapter II, Title XI, of the same Code is inserted to read as follows:
Section 3. Implementing Rules and Regulations. - The Secretary of Finance shall, upon the recommendation of the Commissioner of Internal Revenue, and upon consultation with the appropriate government agencies, promulgate the necessary rules and regulations for the effective implementation of this Act.
Section 4. Separability Clause. - If any provision of this Act is declared invalid or unconstitutional, other provisions hereof which are not affected thereby shall continue to be in full force and effect.
Section 5. Repealing Clause. - Any law, presidential decree or issuance, executive order, letter of instruction, administrative order, rule or regulation contrary to or inconsistent with any provision of this Act is hereby repealed or modified accordingly.
Section 6. Effectivity Clause. - This Act shall take effect fifteen (15) days after its publication in the Official Gazette or in at least two (2) newspapers of general circulation, whichever date comes earlier.
Approved,
This Act which is a consolidation of House Bill No. 5210 and Senate Bill No. 3392 was finally passed by the House of Representatives and the Senate on December 15, 2009 and December 8, 2009, respectively.
Approved:
GLORIA MACAPAGAL-ARROYO
President of the Philippines
Lapsed into law on MAR 11 2010 without the signature of the President, in accordance with Article VI, Section 27 (1) of the Constitution.
Share
PDF Document
Source
Official source from LawPhil:
View on LawPhil Last updated: Jul 1, 2026About
Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.