Bill Type
Long Title
AN ACT RESTORING THE ALLOCATION OF TWENTY PERCENT (20%) OF THE INCREMENTAL REVENUES FROM THE INCREASE OF DOCUMENTARY STAMP TAXES TO THE TWENTY (20) DEPRESSED PROVINCES, AMENDING FOR THE PURPOSE, REPUBLIC ACT NUMBERED SEVENTY-SIX HUNDRED SIXTY, ENTITLED, 'AN ACT RATIONALIZING FURTHER THE STRUCTURE AND ADMINISTRATION OF THE DOCUMENTARY STAMP TAX, AMENDING FOR THE PURPOSE CERTAIN PROVISIONS OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, ALLOCATING FUNDS FOR SPECIFIC PROGRAMS AND FOR OTHER PURPOSES
Date filed
May 26, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB11646 |
| FULL TITLE : AN ACT RESTORING THE ALLOCATION OF TWENTY PERCENT (20%) OF THE INCREMENTAL REVENUES FROM THE INCREASE OF DOCUMENTARY STAMP TAXES TO THE TWENTY (20) DEPRESSED PROVINCES, AMENDING FOR THE PURPOSE, REPUBLIC ACT NUMBERED SEVENTY-SIX HUNDRED SIXTY, ENTITLED, 'AN ACT RATIONALIZING FURTHER THE STRUCTURE AND ADMINISTRATION OF THE DOCUMENTARY STAMP TAX, AMENDING FOR THE PURPOSE CERTAIN PROVISIONS OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, ALLOCATING FUNDS FOR SPECIFIC PROGRAMS AND FOR OTHER PURPOSES |
| ABSTRACT : This bill seeks to allocate the 20% of the incremental revenue from the increase of the documentary stamp tax for the depressed areas. DEPRESSED PROVINCES are areas which generally exhibit characteristics of poverty associated with low incomes, lackof access to basic services and presence of armed conflict. |
| PRINCIPAL AUTHOR/S : SALUDO, ANICETO JR. G. |
| DATE FILED : 2000-05-26 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2000-06-05 |
Abstract
This bill seeks to allocate the 20% of the incremental revenue from the increase of the documentary stamp tax for the depressed areas. DEPRESSED PROVINCES are areas which generally exhibit characteristics of poverty associated with low incomes, lackof access to basic services and presence of armed conflict.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.