Bill Type
Congress Name
Long Title
AN ACT HARMONIZING AND RATIONALIZING THE ADMINISTRATION AND GRANT OF FISCAL AND NONFISCAL INCENTIVES, REPEALING FOR THIS PURPOSE EXECUTIVE ORDER NO. 226, OTHERWISE KNOWN AS THE OMNIBUS INVESTMENTS CODE OF 1987
Date filed
July 23, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01599 |
| FULL TITLE : AN ACT HARMONIZING AND RATIONALIZING THE ADMINISTRATION AND GRANT OF FISCAL AND NONFISCAL INCENTIVES, REPEALING FOR THIS PURPOSE EXECUTIVE ORDER NO. 226, OTHERWISE KNOWN AS THE OMNIBUS INVESTMENTS CODE OF 1987 |
| SHORT TITLE : The Investments and Incentives Code of the Philippines |
| ABSTRACT : "The Investments and Incentives Code of the Philippines." The bill seeks to harmonize and simplify the grant of fiscal and non-fiscal incentives to promote foreign and domestic investments in the country. The incentives being proposed, among others, are: income tax holiday, net operating loss carry over, 5% tax based on gross income, accelerated depreciation, capital equipment incentives and deferred imposition of the minimum corporate income tax. |
| PRINCIPAL AUTHOR/S : LAPUS, JESLI A. |
| DATE FILED : 2004-07-23 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Singson (021 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2004-09-20 |
| 2. Scheduled for first meeting/hearing on 2004-09-20 |
| 3. Under deliberation by the Mother Committee on 2004-09-21 |
| 4. Under deliberation by the Mother Committee on 2004-09-21 |
| 5. Under deliberation by the Mother Committee on 2004-09-22 |
| 6. Under deliberation by the Mother Committee on 2004-09-22 |
| 7. Under deliberation by the Mother Committee on 2004-10-26 |
| 8. Under deliberation by the Mother Committee on 2004-10-26 |
| 9. Under deliberation by the Mother Committee on 2004-11-09 |
| 10. Under deliberation by the Mother Committee on 2004-11-09 |
| 11. Under deliberation by the Mother Committee on 2004-11-10 |
| 12. Under deliberation by the Mother Committee on 2004-11-10 |
| 13. Approved by the Committee on 2004-11-16 |
| 14. Approved by the Committee on 2004-11-16 |
| 15. Committee Report filed on 2004-11-17 |
| 16. Committee Report filed on 2004-11-18 |
| MOTHER BILL: HB03295 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-11-08 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON TRADE AND INDUSTRY |
| PREVIOUS COMMITTEE REFERRALS :PRIMARILY REFERRED TO TRADE AND INDUSTRY on 2004-08-03; |
Abstract
"The Investments and Incentives Code of the Philippines." The bill seeks to harmonize and simplify the grant of fiscal and non-fiscal incentives to promote foreign and domestic investments in the country. The incentives being proposed, among others, are: income tax holiday, net operating loss carry over, 5% tax based on gross income, accelerated depreciation, capital equipment incentives and deferred imposition of the minimum corporate income tax.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.