EXECUTIVE ORDER NO. 157

: Under Sections 218 (d) and 234 of Republic Act No. 7160, GOCCs engaged in generation and transmission of electricity enjoy certain exemptions and privileges with respect to real property taxes.
: The assessment level is 10% on all lands, buildings, machineries, and other improvements.
: Yes. The Executive Order addresses the issue by reducing assessed RPT on IPPs operating under BOT contracts to an assessment level of 15%, which affords them some preferential treatment in recognition of their contracts with the government.
: Various LGUs have assessed RPT on the machineries and equipment of IPPs at the maximum level of 80%, not recognizing the exemptions enjoyed by GOCCs, leading to enforcement actions including threats of property auction.
: Any excess RPT payments made by IPPs over and above the reduced amount shall be applied to their RPT liabilities for succeeding years.
: All concerned government departments, agencies, instrumentalities, GOCCs, and LGUs are directed to strictly comply with the order.
: Any violation shall be dealt with according to civil service laws and regulations.
: All inconsistent rules, regulations, or parts thereof are revoked, amended, or modified accordingly.
: It took effect immediately upon publication in a newspaper of general circulation.