Bill Type
Congress Name
Long Title
AN ACT FIXING THE INCOME TAX RATE FOR DOMESTIC AND RESIDENT FOREIGN CORPORATIONS AT THIRTY FIVE PERCENT (35%) OF TAXABLE INCOME, AMENDING FOR THE PURPOSE SECTIONS 27(A), 28(A)(1) AND 34(B)(1) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Date filed
February 26, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB03661 |
| FULL TITLE : AN ACT FIXING THE INCOME TAX RATE FOR DOMESTIC AND RESIDENT FOREIGN CORPORATIONS AT THIRTY FIVE PERCENT (35%) OF TAXABLE INCOME, AMENDING FOR THE PURPOSE SECTIONS 27(A), 28(A)(1) AND 34(B)(1) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED |
| ABSTRACT : The bill proposes to maintain the income tax rate for domestic and resident foreign corporations at 35% of taxable income. |
| PRINCIPAL AUTHOR/S : JAVIER, EXEQUIEL B. |
| DATE FILED : 2008-02-26 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Almario (064 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2008-03-11 |
| 2. Under deliberation by the Mother Committee on 2008-04-22 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2008-03-04 |
Abstract
The bill proposes to maintain the income tax rate for domestic and resident foreign corporations at 35% of taxable income.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.