Republic Acts1 min read
Section 8Sec./Art. 8
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Tax Provision.- The grantee, its successors or assigns, shall be liable to pay the same taxes on their real estate, buildings and personal property, inclusive of this franchise, as other nonstock and nonprofit corporation/foundation are now or hereafter may be required by law to pay:Provided, however, That the grantee may apply for any tax exemptions when qualified under existing legal provisions.
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