Bill Type
Congress Name
Long Title
FULL TITLE : AN ACT CREATING A MORE EQUITABLE, PROGRESSIVE AND JUST TAX SYSTEM, BY ADJUSTING THE LEVEL OF NET TAXABLE INCOME AND NOMINAL TAX RATES OF THE INDIVIDUAL INCOME TAX, AMENDING FOR THE PURPOSE SECTION 24 (A) (1) OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED BY REPUBLIC ACT NO. 9504, AND FOR OTHER PURPOSES
Text as filed (link)
Date filed
June 30, 2016
Scope
Legislative History
| House Bill/Resolution NO. HB00039 | |
| FULL TITLE : AN ACT CREATING A MORE EQUITABLE, PROGRESSIVE AND JUST TAX SYSTEM, BY ADJUSTING THE LEVEL OF NET TAXABLE INCOME AND NOMINAL TAX RATES OF THE INDIVIDUAL INCOME TAX, AMENDING FOR THE PURPOSE SECTION 24 (A) (1) OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED BY REPUBLIC ACT NO. 9504, AND FOR OTHER PURPOSES | |
| ABSTRACT : Creates a more equitable, progressive and just tax system for a majority of the Filipino taxpayers, by adjusting the level of net income and nominal tax rates of the individual income tax, while ensuring that the government will still be able to raise revenues for its important programs. | |
| PRINCIPAL AUTHOR/S : YAP, ARTHUR C. | |
| DATE FILED : 2016-06-30 | |
| SIGNIFICANCE: NATIONAL | |
| NATURE : Economic | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Abayon (012 2016-08-17) | 2. Floirendo (018 2016-09-05) |
| 3. Bravo (M.) (023 2016-09-19) | 4. Marcoleta (045 2016-11-16) |
| 5. Lobregat (046 2016-11-21) | 6. Sy-Alvarado (046 2016-11-21) |
| 7. Sarmiento (C.) (046 2016-11-21) | 8. Relampagos (048 2016-11-23) |
| 9. Kho (048 2016-11-23) | 10. Bordado (057 2017-01-16) |
| 11. Lanete (084 2017-05-02) | 12. Savellano (004 2017-07-31) |
| 13. Aggabao (008 2017-08-08) | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for meeting/hearing on 2017-05-10 | |
| 2. Approved by the Committee on Appropriations on 2017-05-10 | |
| MOTHER BILL: HB05636 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2016-07-26 |
Abstract
Creates a more equitable, progressive and just tax system for a majority of the Filipino taxpayers, by adjusting the level of net income and nominal tax rates of the individual income tax, while ensuring that the government will still be able to raise revenues for its important programs
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.