Bill Type
Congress Name
Long Title
AN ACT GRANTING TAX EXEMPTIONS TO SENIOR CITIZENS, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 9257, OTHERWISE KNOWN AS EXPANDED SENIOR CITIZENS ACT OF 2003
Date filed
August 7, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB01828 |
| FULL TITLE : AN ACT GRANTING TAX EXEMPTIONS TO SENIOR CITIZENS, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 9257, OTHERWISE KNOWN AS EXPANDED SENIOR CITIZENS ACT OF 2003 |
| ABSTRACT : The bill exempts the sale of goods and services to senior citizens from the expanded value-added tax to enable them to enjoy the full 20% discount privilege. To compensate proprietors for the loss, it provides for the input value-added tax on such sale to be taken against the taxable sales of the proprietors. |
| PRINCIPAL AUTHOR/S : JAVIER, EXEQUIEL B. |
| DATE FILED : 2007-08-07 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2008-08-05 |
| 2. Approved by the Committee on 2008-09-02 |
| 3. Committee Report filed on 2008-09-25 |
| MOTHER BILL: HB05210 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2007-08-21 |
Abstract
The bill exempts the sale of goods and services to senior citizens from the expanded value-added tax to enable them to enjoy the full 20% discount privilege. To compensate proprietors for the loss, it provides for the input value-added tax on such sale to be taken against the taxable sales of the proprietors.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.