Bill Type
Congress Name
Long Title
AN ACT PROVIDING ADDITIONAL ALLOWABLE TAX DEDUCTIONS FOR INDIVIDUAL TAXPAYERS, AMENDING FOR THE PURPOSE SECTION 34 OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997
Text as filed (link)
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00195 | |
| FULL TITLE : AN ACT PROVIDING ADDITIONAL ALLOWABLE TAX DEDUCTIONS FOR INDIVIDUAL TAXPAYERS, AMENDING FOR THE PURPOSE SECTION 34 OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997 | |
| ABSTRACT : The increasing cost of rentals on dwellings has forced countless families to scrimp on other basic necessities. Many have resorted to becoming informal settlers, turning blind eyes to the dangers posed to their children in such communities. This bill seeks to provide some measure of relief to our taxpayers who are married or heads of their families, by including their rentals as allowable deductions from their gross income. It is envisioned that the said amount shall be used to provide for other equally important needs. | |
| PRINCIPAL AUTHOR/S : BIAZON, ROZZANO RUFINO B. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Codilla (005 ) | 2. Amin (006 ) |
| 3. Badelles (012 ) | 4. Marcos (012 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-07-27 |
Abstract
The increasing cost of rentals on dwellings has forced countless families to scrimp on other basic necessities. Many have resorted to becoming informal settlers, turning blind eyes to the dangers posed to their children in such communities. This bill seeks to provide some measure of relief to our taxpayers who are married or heads of their families, by including their rentals as allowable deductions from their gross income. It is envisioned that the said amount shall be used to provide for other equally important needs.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.