EO 27 (s. 2011) — IPP BOT RPT Condonation, Quezon Province

Status: operative
Confidence: high
Effective date: 2011-02-28

Full title: Reduction and Condonation of Real Property Taxes and Interest/Penalties Assessed on the Power Generation Facilities of Independent Power Producers Under Build-Operate-Transfer Contracts with Government-Owned or Controlled Corporations in the Province of Quezon

Signed: February 28, 2011 | President: Benigno S. Aquino III

Scope and Coverage

Geographic scope: Province of Quezon only — the origin EO was triggered by a specific enforcement threat from Quezon Province LGUs [EO 27, s. 2011, WHEREAS ¶2, 2011-02-28].

CY covered: All RPT liabilities up to 2011 [EO 27, s. 2011, §1, 2011-02-28].

Key Provisions

§1 — Reduction: All RPT liabilities on IPP BOT generation property in Quezon Province for years up to 2011 reduced to 15% of FMV depreciated at 2%/yr; all fines, penalties and interest condoned [EO 27, s. 2011, §1, 2011-02-28].

§2 — Compliance: All departments, agencies, GOCCs and LGUs ordered to strictly comply [EO 27, s. 2011, §2, 2011-02-28].

Notes

This is the origin EO of the series. It differs from all subsequent EOs in being limited to Quezon Province rather than nationwide. EO 173 (s. 2014) expanded coverage to all LGUs. See IPP BOT Real Property Tax Condonation for the full series analysis.

Full text: Cleaned copy