Bill Type
Congress Name
Long Title
AN ACT MAKING DONATIONS OR CONTRIBUTIONS IN CASH OR IN KIND FOR VICTIMS OF TYPHOONS, FLOODS, LANDSLIDES, EARTHQUAKES, STORM SURGES, TIDAL WAVES OR OTHER NATURAL CALAMITIES, DEDUCTIBLE FROM TAXABLE INCOME WITHIN PRESCRIBED LIMITS
Date filed
December 6, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB03414 |
| FULL TITLE : AN ACT MAKING DONATIONS OR CONTRIBUTIONS IN CASH OR IN KIND FOR VICTIMS OF TYPHOONS, FLOODS, LANDSLIDES, EARTHQUAKES, STORM SURGES, TIDAL WAVES OR OTHER NATURAL CALAMITIES, DEDUCTIBLE FROM TAXABLE INCOME WITHIN PRESCRIBED LIMITS |
| ABSTRACT : The bill seeks to make donations and contributions given to victims of natural calamities deductible from the taxable income of persons, partnerships and corporations making such donations. The tax deductibility shall not be more than 60% of the actual amount or value of the donations or contributions. |
| PRINCIPAL AUTHOR/S : VILLAFUERTE, LUIS R. |
| DATE FILED : 2004-12-06 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Marcoleta (056 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2005-12-09 |
Abstract
The bill seeks to make donations and contributions given to victims of natural calamities deductible from the taxable income of persons, partnerships and corporations making such donations. The tax deductibility shall not be more than 60% of the actual amount or value of the donations or contributions.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.