Bill Type
Congress Name
Long Title
AN ACT PROVIDING FOR THE DIRECT REMITTANCE TO THE HOST LOCAL GOVERNMENT UNIT OF ITS FORTY PERCENT (40%) SHARE OF THE GROSS COLLECTION DERIVED BY THE NATIONAL GOVERNMENT FROM NATIONAL WEALTH TAXES, AMENDING FOR THE PURPOSE SECTION 293 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991
Third Reading Copy link (HRep)
Date filed
December 3, 2007
Scope
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
Legislative History
| House Bill/Resolution NO. HB03195 | |
| FULL TITLE : AN ACT PROVIDING FOR THE DIRECT REMITTANCE TO THE HOST LOCAL GOVERNMENT UNIT OF ITS FORTY PERCENT (40%) SHARE OF THE GROSS COLLECTION DERIVED BY THE NATIONAL GOVERNMENT FROM NATIONAL WEALTH TAXES, AMENDING FOR THE PURPOSE SECTION 293 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991 | |
| SHORT TITLE : Providing for the Direct Remittance to the Host Local Government Unit of Its Share of the Gross Collection Dervied From National Wealth Taxes | |
| ABSTRACT : The bill mandates any person engaged in the utilization and development of national wealth to remit 40% of the gross collection derived from national wealth taxes directly to the local government unit and the remaining 60% to the national government. | |
| PRINCIPAL AUTHOR/S : DOMOGAN, MAURICIO G. | |
| DATE FILED : 2007-12-03 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Bichara | 2. Rodriguez |
| 3. Singson (R.) | 4. Arnaiz |
| 5. Amatong | 6. Barzaga |
| 7. Binay | 8. Climaco |
| 9. Del Rosario | 10. Garcia (P.) |
| 11. Gatlabayan | 12. Mandanas |
| 13. Ortega (V.F.) | 14. Plaza |
| 15. Teodoro | 16. Villafuerte |
| CO-AUTHORS (Journal Entries) : | |
| 1. Codilla (043 ) | 2. Del Mar (047 ) |
| 3. Kho (077 ) | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 00100 | |
| SUBMITTED ON 2007-12-03 | |
| SUBMITTED BY: LOCAL GOVERNMENT | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: HB01020, HB01380, HB01853, HB02595 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2007-12-04 | |
| DATE INCLUDED IN OB: 2007-12-04 | |
| DATE CALENDARED : 2007-12-11 | |
| SECOND READING INFORMATION | |
| DATE APPROVED ON SECOND READING : 2007-12-12 | |
| REMARKS : On Dec. 12, 2007, the Body approved to consider the Explanatory Note of the Bill as the sponsorship remarks. | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2007-12-13 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2007-12-18 | |
| HOUSE VOTES: YEAS:205 NAYS:0 ABSTAIN:.0 | |
| DATE TRANSMITTED TO THE SENATE: 2008-01-03 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2008-01-03 | |
| REMARKS : |
Abstract
The bill mandates any person engaged in the utilization and development of national wealth to remit 40% of the gross collection derived from national wealth taxes directly to the local government unit and the remaining 60% to the national government.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.