Bill Type
Congress Name
Long Title
AN ACT PROVIDING FOR THE DIRECT REMITTANCE TO THE HOST LOCAL GOVERNMENT OF ITS FORTY PERCENT SHARE (40%) OF THE PROCEEDS DERIVED FROM THE UTILIZATION AND DEVELOPMENT OF NATIONAL WEALTH, AMENDING FOR THE PURPOSE SECTION 293 OF REPUBLIC ACT NO. 7160 AS AMENDED OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991
Text as filed (link)
Date filed
July 3, 2013
Scope
Legislative History
| House Bill/Resolution NO. HB01056 |
| FULL TITLE : AN ACT PROVIDING FOR THE DIRECT REMITTANCE TO THE HOST LOCAL GOVERNMENT OF ITS FORTY PERCENT SHARE (40%) OF THE PROCEEDS DERIVED FROM THE UTILIZATION AND DEVELOPMENT OF NATIONAL WEALTH, AMENDING FOR THE PURPOSE SECTION 293 OF REPUBLIC ACT NO. 7160 AS AMENDED OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991 |
| ABSTRACT : Mandates that any person, natural or juridical engaged in the utilization and development of the national wealth should remit forty percent (40%) of the gross collection derived by the national government from the national wealth taxes directly to the host local units and the remaining sixty percent (60%) to the national government. |
| PRINCIPAL AUTHOR/S : GONZALES, NEPTALI II M. |
| DATE FILED : 2013-07-03 |
| SIGNIFICANCE: NATIONAL |
| NATURE : Reform |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2013-07-29 |
Abstract
Mandates that any person, natural or juridical engaged in the utilization and development of the national wealth should remit forty percent (40%) of the gross collection derived by the national government from the national wealth taxes directly to the host local units and the remaining sixty percent (60%) to the national government.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.