SECTION 1. In all future assessments of property, the value of machinery, as defined in section seven of this Act, shall be excluded, and such machinery shall not be assessed or taxed as part of the improvements on or to real property, or otherwise.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationAct No. 2197 Section 1 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
