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Senate Bill No. 2250 – AMENDING SECS. 30 (C), 32, 109 (T), NIRC (HOMEOWNERS ASSOCIATION/CONDOMINIUM CORPORATION)

AN ACT CLASSIFYING THE ASSOCIATION DUES AND MEMBERSHIP FEES COLLECTED BY HOMEOWNERS ASSOCIATION OR CONDOMINIUM CORPORATION FROM THEIR MEMBERS OR TENANTS AS EXCLUDED FROM INCOME TAX OR VALUE ADDED TAX AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 8424 AND FOR OTHER PURPOSES