Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 24 OF REPUBLIC ACT NO. 8424 OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997, BY EXEMPTING FROM INCOME TAX INDIVIDUAL CITIZENS WHOSE GROSS INCOME FALLS WITHIN THE POVERTY THRESHOLD
Date filed
April 22, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB03884 |
| FULL TITLE : AN ACT AMENDING SECTION 24 OF REPUBLIC ACT NO. 8424 OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997, BY EXEMPTING FROM INCOME TAX INDIVIDUAL CITIZENS WHOSE GROSS INCOME FALLS WITHIN THE POVERTY THRESHOLD |
| ABSTRACT : The bill exempts from income taxation the income of wage earners or employed individuals whose total income, inclusive of allowances and benefits, fall within the poverty threshold as determined by the National Economic Development Authority. |
| PRINCIPAL AUTHOR/S : DEL MAR, RAUL V. |
| DATE FILED : 2008-04-22 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Susano (070 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2008-02-26 |
| 2. Under deliberation by the Mother Committee on 2008-03-04 |
| 3. Under deliberation by the Mother Committee on 2008-03-11 |
| 4. Approved by the Committee on 2008-04-22 |
| 5. Committee Report filed on 2008-04-28 |
| MOTHER BILL: HB03971 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2008-04-22 |
Abstract
The bill exempts from income taxation the income of wage earners or employed individuals whose total income, inclusive of allowances and benefits, fall within the poverty threshold as determined by the National Economic Development Authority.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.