Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTIONS 5, 6 AND 7 OF REPUBLIC ACT NO. 7459, ENTITLED `AN ACT PROVIDING INCENTIVES TO FILIPINO INVENTORS AND EXPANDING THE FUNCTIONS OF THE TECHNOLOGY APPLICATION AND PROMOTION INSTITUTE, APPROPRIATING FUNDS THEREFOR, AND FOR OTHERPURPOSES
Date filed
August 8, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 2188, 12th Congress of the Republic | |
| FULL TITLE : AN ACT AMENDING SECTIONS 5, 6 AND 7 OF REPUBLIC ACT NO. 7459, ENTITLED `AN ACT PROVIDING INCENTIVES TO FILIPINO INVENTORS AND EXPANDING THE FUNCTIONS OF THE TECHNOLOGY APPLICATION AND PROMOTION INSTITUTE, APPROPRIATING FUNDS THEREFOR, AND FOR OTHERPURPOSES | |
| ABSTRACT : Investors, as certified by the Filipino Inventors Society and confirmed by the Screening Committee, INCLUDING THEIR HEIRS, ASSIGNEES OR TRANSFEREES OF THEIR INVENTIONS, SHALL BE EXEMPT FROM LICENSE AND PERMIT FEES OF ANY KIND OR CHARACTER IMPOSED BYTHE GOVERNMENT, WHETHER NATIONAL OR LOCAL IN APPLICATION FOR A PERIOD OF TEN (10) YEARS FROM THE DATE OF REGISTRATION OF THEIR INVENTIONS; AND SHALL LIKEWISE, FOR A PERIOD OF TEN (10) YEARS FROM THE DATE OF THE FIRST SALE OF THEIR INVENTIONS INCLUDING THE END PRODUCTS DERIVED THEREFROM IN COMMERCIAL SCALE, BE ENTITLED TO CERTAIN TAX EXEMPTIONS. | |
| PRINCIPAL AUTHOR/S : BACANI, RODOLFO C. | |
| DATE FILED : 2001-08-08 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Zialcita | 2. Espino |
| CO-AUTHORS (Journal Entries) : | |
| 1. Amin (013 ) | 2. Zamora (017 ) |
| 3. Villarama (019 ) | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| COMMITTEE ACTION: jt. ref'ls as per J.49; p.5 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON SCIENCE AND TECHNOLOGY ON 2001-08-14 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON GOVERNMENT REORGANIZATION, APPROPRIATIONS |
Abstract
Investors, as certified by the Filipino Inventors Society and confirmed by the Screening Committee, INCLUDING THEIR HEIRS, ASSIGNEES OR TRANSFEREES OF THEIR INVENTIONS, SHALL BE EXEMPT FROM LICENSE AND PERMIT FEES OF ANY KIND OR CHARACTER IMPOSED BYTHE GOVERNMENT, WHETHER NATIONAL OR LOCAL IN APPLICATION FOR A PERIOD OF TEN (10) YEARS FROM THE DATE OF REGISTRATION OF THEIR INVENTIONS; AND SHALL LIKEWISE, FOR A PERIOD OF TEN (10) YEARS FROM THE DATE OF THE FIRST SALE OF THEIR INVENTIONS INCLUDING THE END PRODUCTS DERIVED THEREFROM IN COMMERCIAL SCALE, BE ENTITLED TO CERTAIN TAX EXEMPTIONS.
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