Bill Type
Congress Name
Long Title
AN ACT EXEMPTING SAVING DEPOSITS AMOUNTING TO FIFTY THOUSAND PESOS(P 50,000.00) OR LESS FROM WITHHOLDING TAX, AMENDING SECTION 21 (C) (1) OF THE NATIONAL INTERNAL REVENUE CODE THEREBY, AND FOR OTHER PURPOSES
Date filed
July 1, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB00342 |
| FULL TITLE : AN ACT EXEMPTING SAVING DEPOSITS AMOUNTING TO FIFTY THOUSAND PESOS(P 50,000.00) OR LESS FROM WITHHOLDING TAX, AMENDING SECTION 21 (C) (1) OF THE NATIONAL INTERNAL REVENUE CODE THEREBY, AND FOR OTHER PURPOSES |
| ABSTRACT : "Small Deposits Exemption Law". Is intended to protect low-income depositors and help neutralize the effects of inflation. |
| PRINCIPAL AUTHOR/S : LIBAN, DANTE V. |
| DATE FILED : 1998-07-01 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1998-07-28 |
Abstract
"Small Deposits Exemption Law". Is intended to protect low-income depositors and help neutralize the effects of inflation.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.