RA 9513 Renewable Energy Act of 2008
The Act provides for incentives (Chapter VII, Sec. 15) for renewable energy projects and activities, including hybrid systems. The incentives include income tax holiday, duty free importation of RE machinery, equipment and materials, special realty tax rates on equipment and machinery, net operating loss carry over, corporate tax rate, accelerated depreciation, 0% VAT rate, cash incentive of RE developers for missionary electrification, tax exemption of carbon credits, and tax credit on domestic capital equipment and services.
Date: December 16, 2008
Issuing Agency: DOE
Date: May 25, 2009