Bill Type
Congress Name
Long Title
AN ACT PROVIDING FOR THE DIRECT REMITTANCE TO THE HOST LOCAL GOVERNMENT UNIT OF ITS FORTY PERCENT (40%) SHARE OF THE GROSS COLLECTION DERIVED BY THE NATIONAL GOVERNMENT FROM NATIONAL WEALTH TAXES, AMENDING FOR THE PURPOSE SECTION 293 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991
Text as filed (link)
Date filed
July 1, 2010
Scope
Legislative History
| House Bill/Resolution NO. HB00110 | |
| FULL TITLE : AN ACT PROVIDING FOR THE DIRECT REMITTANCE TO THE HOST LOCAL GOVERNMENT UNIT OF ITS FORTY PERCENT (40%) SHARE OF THE GROSS COLLECTION DERIVED BY THE NATIONAL GOVERNMENT FROM NATIONAL WEALTH TAXES, AMENDING FOR THE PURPOSE SECTION 293 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991 | |
| ABSTRACT : Requires any person, natural or juridical, engaged in the utilization and development of the national wealth to remit forty (40%) percent of the gross collection derived by the national government from the national wealth taxes directly to the host local government units (LGUs) and the remaining sixty (60%) to the national government thus allowing the LGU to directly receive its just share from the national government wealth. | |
| PRINCIPAL AUTHOR/S : GONZALES, NEPTALI II M. | |
| DATE FILED : 2010-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Apacible (004 ) | 2. Calixto-Rubiano (008 ) |
| 3. Syjuco (021 ) | 4. Herrera-Dy (065 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: HB04410 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2010-07-27 |
Abstract
Requires any person, natural or juridical, engaged in the utilization and development of the national wealth to remit forty (40%) percent of the gross collection derived by the national government from the national wealth taxes directly to the host local government units (LGUs) and the remaining sixty (60%) to the national government thus allowing the LGU to directly receive its just share from the national government wealth.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.