Bill Type
Congress Name
Long Title
AN ACT PROVIDING ADDITIONAL EXEMPTION OF TWENTY THOUSAND PESOS (P20,000.00) FOR MARRIED INDIVIDUALS WHOSE SPOUSE IS A NONWORKING SPOUSE, AMENDING FOR THE PURPOSE SECTION 35(A) OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997
Date filed
December 3, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 4008, 12th Congress of the Republic | |
| FULL TITLE : AN ACT PROVIDING ADDITIONAL EXEMPTION OF TWENTY THOUSAND PESOS (P20,000.00) FOR MARRIED INDIVIDUALS WHOSE SPOUSE IS A NONWORKING SPOUSE, AMENDING FOR THE PURPOSE SECTION 35(A) OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997 | |
| ABSTRACT : Rationale: Many non-working spouses are college graduates and some have college units but opted not to work and decided to stay home to take of the childre. These people value their family very much instead of working to earn more money. Just as theState recognizes the Filipino family as the foundation of the nation, it is but fitting to provide these citizens (the non-working spouses who take care of the family) a tax relief by granting them additional individual tax exemption of P20,000.00. | |
| PRINCIPAL AUTHOR/S : ERICE, EDGAR R. | |
| DATE FILED : 2001-12-03 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Monfort (051 ) | 2. Cuenco (068 ) |
| 3. Syjuco (017 ) | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2001-12-10 |
Abstract
Rationale: Many non-working spouses are college graduates and some have college units but opted not to work and decided to stay home to take of the childre. These people value their family very much instead of working to earn more money. Just as theState recognizes the Filipino family as the foundation of the nation, it is but fitting to provide these citizens (the non-working spouses who take care of the family) a tax relief by granting them additional individual tax exemption of P20,000.00.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.