Bill Type
Congress Name
Long Title
AN ACT EXEMPTING FROM INTERNAL REVENUE TAXATION THE SEPARATION PAY, RETIREMENT PAY AND ALL MONETARY BENEFITS, HOWEVER DESIGNATED, OF EMPLOYEES WHO ARE SEPARATED FROM WORK FOR ANY CAUSE
Date filed
July 14, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01430 | |
| FULL TITLE : AN ACT EXEMPTING FROM INTERNAL REVENUE TAXATION THE SEPARATION PAY, RETIREMENT PAY AND ALL MONETARY BENEFITS, HOWEVER DESIGNATED, OF EMPLOYEES WHO ARE SEPARATED FROM WORK FOR ANY CAUSE | |
| ABSTRACT : Aims to increase the take home pay of an employee who retires, resigns or is terminated by exempting his retirement pay and separation pay from taxes. | |
| PRINCIPAL AUTHOR/S : BARINAGA, ROSELLER L. | |
| DATE FILED : 2004-07-14 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Umali (005 ) | 2. Villanueva (005 ) |
| 3. Reyes (005 ) | 4. Codilla (021 ) |
| 5. Amin (033 ) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-08-03 |
Abstract
Aims to increase the take home pay of an employee who retires, resigns or is terminated by exempting his retirement pay and separation pay from taxes.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.