Bill Type
Congress Name
Long Title
AN ACT PROVIDING ADDITIONAL PERSONAL EXEMPTION FOR INDIVIDUAL TAXPAYERS WHO TAKE CARE OF THEIR ELDERLY PARENTS, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 8424, AS AMENDED, OTHERWISE KNOWN AS THE "NATIONAL INTERNAL REVENUE CODE OF 1997"
Text as filed (link)
Date filed
July 1, 2019
Scope
Legislative History
| House Bill/Resolution NO. HB00115 | |
| FULL TITLE : AN ACT PROVIDING ADDITIONAL PERSONAL EXEMPTION FOR INDIVIDUAL TAXPAYERS WHO TAKE CARE OF THEIR ELDERLY PARENTS, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 8424, AS AMENDED, OTHERWISE KNOWN AS THE "NATIONAL INTERNAL REVENUE CODE OF 1997" | |
| ABSTRACT : Provides additional exemption of Twenty-Five Thousand Pesos (Php25,000.00) for each elderly parent to the taxpayer where the elderly parent is chiefly dependent on and living with the taxpayer. | |
| PRINCIPAL AUTHOR/S : MACAPAGAL ARROYO, JUAN MIGUEL | |
| DATE FILED : 2019-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Vergara (000 2019-08-14) | 2. Silverio (000 2019-08-14) |
| 3. Arroyo (000 2019-09-23) | 4. Sy-Alvarado (000 2019-10-01) |
| 5. Eriguel (000 2019-11-26) | 6. Castelo (000 2020-02-05) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2019-07-23 |
Abstract
Provides additional exemption of Twenty-Five Thousand Pesos (Php25,000.00) for each elderly parent to the taxpayer where the elderly parent is chiefly dependent on and living with the taxpayer.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.