Bill Type
Long Title
AN ACT INCREASING THE ALLOWABLE PERSONAL AND ADDITIONAL EXEMPTIONS OF INDIVIDUAL TAXPAYERS, AMENDING FOR THE PURPOSE SECTION 35(A) AND (B) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Date filed
July 26, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB11880 | |
| FULL TITLE : AN ACT INCREASING THE ALLOWABLE PERSONAL AND ADDITIONAL EXEMPTIONS OF INDIVIDUAL TAXPAYERS, AMENDING FOR THE PURPOSE SECTION 35(A) AND (B) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED | |
| ABSTRACT : This bill proposes the following allowable personal and additional exemptions for individual taxpayers: For single individual or married individual judicially decreed as legally separated with qualified dependents [P20,000.00] P48.000.00; For head of the family [25,000.00]; P54,000.00; for each married individual [P32,000.00] P64,000.00. There shall be allowed an additional exemption of [Eight Thousand Pesos (P8,000.00)] SIXTEEN THOUSAND PESOS (P16,000.00) for each dependent not exceeding four(4). | |
| PRINCIPAL AUTHOR/S : PADILLA, CASIMIRO ROY JR. A. | |
| DATE FILED : 2000-07-26 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: HB12423 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2000-08-01 |
Abstract
This bill proposes the following allowable personal and additional exemptions for individual taxpayers: For single individual or married individual judicially decreed as legally separated with qualified dependents [P20,000.00] P48.000.00; For head of the family [25,000.00]; P54,000.00; for each married individual [P32,000.00] P64,000.00. There shall be allowed an additional exemption of [Eight Thousand Pesos (P8,000.00)] SIXTEEN THOUSAND PESOS (P16,000.00) for each dependent not exceeding four(4).
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.