Bill Type
Congress Name
Long Title
AN ACT CONSTITUTING LOCAL TREASURERS AS AGENTS OF THE COMMISSIONER OF INTERNAL REVENUE, AMENDING FOR THIS PURPOSE SECTION 12 OF THE NATIONAL INTERNAL REVENUE CODE, PROVIDING FOR AN INCENTIVE SCHEME FOR THE COLLECTION BY LOCAL GOVERNMENT UNITS OF NATIONAL TAXES, AND FOR OTHER PURPOSES
Date filed
September 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB02742 |
| FULL TITLE : AN ACT CONSTITUTING LOCAL TREASURERS AS AGENTS OF THE COMMISSIONER OF INTERNAL REVENUE, AMENDING FOR THIS PURPOSE SECTION 12 OF THE NATIONAL INTERNAL REVENUE CODE, PROVIDING FOR AN INCENTIVE SCHEME FOR THE COLLECTION BY LOCAL GOVERNMENT UNITS OF NATIONAL TAXES, AND FOR OTHER PURPOSES |
| ABSTRACT : The bill authorizes local treasurers to collect national internal revenue taxes for remittance to the National Treasury. As an incentive, it allows local government units to retain 50% of the collection target excess. |
| PRINCIPAL AUTHOR/S : MANDANAS, HERMILANDO I. |
| DATE FILED : 2004-09-01 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Rosales (018 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Under deliberation by the Mother Committee on 2006-06-06 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-09-07 |
Abstract
The bill authorizes local treasurers to collect national internal revenue taxes for remittance to the National Treasury. As an incentive, it allows local government units to retain 50% of the collection target excess.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.