Bill Type
Congress Name
Long Title
AN ACT EXEMPTING MINIMUM WAGE EARNERS FROM INCOME TAX PAYMENTS, REDUCING THE INCOME TAX RATES OF INDIVIDUAL TAXPAYERS, AMENDING FOR THE PURPOSE SECTION 24(a)(1)(c)OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED AND FOR OTHER PURPOSES
Date filed
February 23, 2005
Scope
Legislative History
| House Bill/Resolution NO. HB03802 | |
| FULL TITLE : AN ACT EXEMPTING MINIMUM WAGE EARNERS FROM INCOME TAX PAYMENTS, REDUCING THE INCOME TAX RATES OF INDIVIDUAL TAXPAYERS, AMENDING FOR THE PURPOSE SECTION 24(a)(1)(c)OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED AND FOR OTHER PURPOSES | |
| ABSTRACT : The bill seeks to exempt minimum wage earners from income taxation and to impose higher tax rates on individuals earning more than P1.0 million annually. | |
| PRINCIPAL AUTHOR/S : BARBERS, ROBERT ACE S. | |
| DATE FILED : 2005-02-23 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Reyes (050 ) | 2. Uy (051 ) |
| 3. Umali (051 ) | 4. Codilla (052 ) |
| 5. Chatto (068 ) | 6. Romualdo (044 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for first meeting/hearing on 2006-01-17 | |
| 2. Scheduled for first meeting/hearing on 2006-01-17 | |
| 3. Under deliberation by the Mother Committee on 2006-01-24 | |
| 4. Under deliberation by the Mother Committee on 2006-01-24 | |
| 5. Under deliberation by the Mother Committee on 2006-01-31 | |
| 6. Under deliberation by the Mother Committee on 2006-01-31 | |
| 7. Approved by the Committee on 2006-02-14 | |
| 8. Approved by the Committee on 2006-02-14 | |
| 9. Committee Report filed on 2006-02-23 | |
| 10. Committee Report filed on 2006-02-23 | |
| MOTHER BILL: HB05296 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2005-03-01 |
Abstract
The bill seeks to exempt minimum wage earners from income taxation and to impose higher tax rates on individuals earning more than P1.0 million annually.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.