Bill Type
Long Title
AN ACT ALLOWING TAX INCENTIVES TO PRIVATE EDUCATION INSTITUTIONS FOR NON-IMPOSITION OF INCREASES IN SCHOOL FEES
Date filed
August 23, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB12062 | |
| FULL TITLE : AN ACT ALLOWING TAX INCENTIVES TO PRIVATE EDUCATION INSTITUTIONS FOR NON-IMPOSITION OF INCREASES IN SCHOOL FEES | |
| ABSTRACT : As a general rule, any instition of learning duly recongized by the appropriate education agency and which did not avail of any tuition fee rate increase or adjustment for a particular school year to support its operation shall be EXEMPT from the payment of taxes of income from all sources, including interest from deposits and yield from substitutes or trust funds, for the applicable school or fiscal year only. | |
| PRINCIPAL AUTHOR/S : GULLAS, EDUARDO R. | |
| DATE FILED : 2000-08-23 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2000-08-30 |
Abstract
As a general rule, any instition of learning duly recongized by the appropriate education agency and which did not avail of any tuition fee rate increase or adjustment for a particular school year to support its operation shall be EXEMPT from the payment of taxes of income from all sources, including interest from deposits and yield from substitutes or trust funds, for the applicable school or fiscal year only.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.