Bill Type
Congress Name
Long Title
AN ACT AMENDING REPUBLIC ACT NO. 7432, OTHERWISE KNOWN AS 'AN ACT TO MAXIMIZE THE CONTRIBUTION OF SENIOR CITIZENS TO NATION BUILDING, GRANT BENEFITS AND SPECIAL PRIVILEGES AND FOR OTHER PURPOSES
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00362 | |
| FULL TITLE : AN ACT AMENDING REPUBLIC ACT NO. 7432, OTHERWISE KNOWN AS 'AN ACT TO MAXIMIZE THE CONTRIBUTION OF SENIOR CITIZENS TO NATION BUILDING, GRANT BENEFITS AND SPECIAL PRIVILEGES AND FOR OTHER PURPOSES | |
| ABSTRACT : This bill seeks to grant additional privileges to senior citizens by including electric and water utilities and funeral expenses in the list of items subject to the 20% discount privilege. The measure also provides for the exemption of the family homes of senior citizens from the payment of real property taxes. It exempts from the payment of 20% withholding tax interest income derived from the bank deposits of senior citizens. | |
| PRINCIPAL AUTHOR/S : BARINAGA, ROSELLER L. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Golez (003 ) | 2. Amin (007 ) |
| 3. Espino (042 ) | 4. Zamora (068 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON POPULATION AND FAMILY RELATIONS ON 2004-07-27 |
Abstract
This bill seeks to grant additional privileges to senior citizens by including electric and water utilities and funeral expenses in the list of items subject to the 20% discount privilege. The measure also provides for the exemption of the family homes of senior citizens from the payment of real property taxes. It exempts from the payment of 20% withholding tax interest income derived from the bank deposits of senior citizens. '
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.