Bill Type
Congress Name
Long Title
AN ACT EXEMPTING FROM INCOME TAXATION THE FIRST THREE YEARS SALARY OF SCHOOL TEACHERS, BOTH IN PUBLIC AND PRIVATE ELEMENTARY AND SECONDARY SCHOOLS
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00303 | |
| FULL TITLE : AN ACT EXEMPTING FROM INCOME TAXATION THE FIRST THREE YEARS SALARY OF SCHOOL TEACHERS, BOTH IN PUBLIC AND PRIVATE ELEMENTARY AND SECONDARY SCHOOLS | |
| ABSTRACT : Teachers are important instruments in the development of the youth. Unfortunately, the teaching profession is among the lowest income earning professions. As a result, many qualified teachers often seek employment abroad. This bill seeks to exempt from the payment of income taxes the first three years salary of school teachers. The incentive will not only help solve the problem on teacher shortage but it will also help to improve the quality of elementary and high school education in public and private schools. | |
| PRINCIPAL AUTHOR/S : LAPUS, JESLI A. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Amin (006 ) | 2. Arroyo (006 ) |
| 3. Codilla (008 ) | 4. Cabilao (010 ) |
| 5. Javier (010 ) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-07-27 |
Abstract
Teachers are important instruments in the development of the youth. Unfortunately, the teaching profession is among the lowest income earning professions. As a result, many qualified teachers often seek employment abroad. This bill seeks to exempt from the payment of income taxes the first three years salary of school teachers. The incentive will not only help solve the problem on teacher shortage but it will also help to improve the quality of elementary and high school education in public and private schools.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.