Practice question
Explain why Section 234(c)’s water-and-power machinery exemption should not be described as exemption of every asset of every GOCC.
Legal references
- Local Government Code, RA 7160, Sections 196, 198-199 and 234: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html
Answer this question in flashcards to review your response and continue practicing.