House Bill No. 1373, 12th Congress of the Republic | Senate of the Philippines Legislative Reference Bureau

Bill Type

Congress Name

Long Title

AN ACT ALLOCATING FIFTY PERCENT OF VALUE-ADDED TAX COLLECTIONS TO HEALTH AND EDUCATION SERVICES, AGRICULTURAL FACILITIES AND SERVICES, HOUSING, ENVIRONMENTAL PROTECTION, AND OTHER SOCIAL SERVICES THEREBY AMENDING THE NATIONAL INTERNAL REVENUE CODE,AS AMENDED

Congress Author

PICHAY, PROSPERO JR. A.

Date filed

July 24, 2001

Scope

NATIONAL

Urgent Bill

Legislative History

House Bill/Resolution NO. House Bill No. 1373, 12th Congress of the Republic
FULL TITLE : AN ACT ALLOCATING FIFTY PERCENT OF VALUE-ADDED TAX COLLECTIONS TO HEALTH AND EDUCATION SERVICES, AGRICULTURAL FACILITIES AND SERVICES, HOUSING, ENVIRONMENTAL PROTECTION, AND OTHER SOCIAL SERVICES THEREBY AMENDING THE NATIONAL INTERNAL REVENUE CODE,AS AMENDED
ABSTRACT : SECTION 1. A new section, to be numbered Two Hundred Eight-Seven, shall be added to Chapter 2, Title XI of the National Internal Revenue Code, to read as follows: "SEC. 287. DISPOSITION OF PROCEEDS OF VALUE-ADDED TAX. (A) IN GENERAL. - FIFTY PERCENT (50%) OF THE VALUE-ADDED TAX COLLECTED UNDER TITLE IV OF THIS CODE SHALL BE ALLOCATED TO EXPENDITURES FOR HEALTH AND EDUCATION SERVICES, IRRIGATION AND POST-HARVEST FACILITIES, HOUSING, ENVIRONMENTAL PROTECTION, AND TRAINING AND CAPABILITY BUILDINGPROGRAMS FOR MICRO-FINANCES, FOR A PERIOD OF FIVE YEARS IN THE FOLLOWING PROPORTIONS: EDUCATION 25%; HEALTH 25%; AGRICULTURAL FACILITIES AND SERVICES 25%; HOUSING 15%; ENVIRONMENTAL PROTECTION 5%:; TRAINING AND CAPABILITY BUILDING PROGRAMS 5%.
PRINCIPAL AUTHOR/S : PICHAY, PROSPERO JR. A.
DATE FILED : 2001-07-24
SIGNIFICANCE: NATIONAL
CO-AUTHORS (Journal Entries) :
1. Espino (022 )	2. Syjuco (067 )
ADMINISTRATION BILL? No
URGENT BILL? No
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2001-07-30

Abstract

SECTION 1. A new section, to be numbered Two Hundred Eight-Seven, shall be added to Chapter 2, Title XI of the National Internal Revenue Code, to read as follows: "SEC. 287. DISPOSITION OF PROCEEDS OF VALUE-ADDED TAX. (A) IN GENERAL. - FIFTY PERCENT (50%) OF THE VALUE-ADDED TAX COLLECTED UNDER TITLE IV OF THIS CODE SHALL BE ALLOCATED TO EXPENDITURES FOR HEALTH AND EDUCATION SERVICES, IRRIGATION AND POST-HARVEST FACILITIES, HOUSING, ENVIRONMENTAL PROTECTION, AND TRAINING AND CAPABILITY BUILDINGPROGRAMS FOR MICRO-FINANCES, FOR A PERIOD OF FIVE YEARS IN THE FOLLOWING PROPORTIONS: EDUCATION 25%; HEALTH 25%; AGRICULTURAL FACILITIES AND SERVICES 25%; HOUSING 15%; ENVIRONMENTAL PROTECTION 5%:; TRAINING AND CAPABILITY BUILDING PROGRAMS 5%.

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