Section 17Sec./Art. 17

Proprietary TNHEIs. All TNHEIs which do not satisfy the definition of "nonstock, nonprofit educational institutions" as defined by the NIRC are deemed, for purposes of this Act, to be proprietary educational institutions. All proprietary educational institutions shall be subject to the taxes, exemptions, and other duties and privileges under the NIRC, specifically Section 27, Title II, Chapter IV thereof, and Bureau of Internal Revenue implementing rules and regulations.

To the extent applicable, TNHEIs shall enjoy the same benefits, tax credits and incentives provided for in existing laws including those provided under Executive Order No. 226, otherwise known as the "Omnibus Investments Code of 1987", and Republic Act No. 7844, otherwise known as the "Export Development Act of 1994".