Bill Type
Congress Name
Long Title
AN ACT RATIONALIZING THE TAX ON WINNINGS AND DOCUMENTARY STAMP TAX ON HORSE RACING, AMENDING FOR THE PURPOSE SECTIONS 126 AND 190 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, SECTIONS 11 AND 13 OF REPUBLIC ACT NO. 8407 AND SECTIONS 8 AND 10 OF REPUBLIC ACT NO. 7953
Date filed
May 22, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB04176 |
| FULL TITLE : AN ACT RATIONALIZING THE TAX ON WINNINGS AND DOCUMENTARY STAMP TAX ON HORSE RACING, AMENDING FOR THE PURPOSE SECTIONS 126 AND 190 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, SECTIONS 11 AND 13 OF REPUBLIC ACT NO. 8407 AND SECTIONS 8 AND 10 OF REPUBLIC ACT NO. 7953 |
| ABSTRACT : Seeks to impose a tax of 4% on winnings from the following special bets: a) daily double, b) extra double event, c) forecast event, d) double quinella event, e) trifecta event, f) daily double + event, and g) pari-mutuel event. |
| PRINCIPAL AUTHOR/S : MITRA, ABRAHAM KAHLIL B. |
| DATE FILED : 2008-05-22 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Chatto (005 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Approved by the Committee on 2009-05-18 |
| 2. Committee Report filed on 2099-05-27 |
| MOTHER BILL: HB06431 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2008-05-28 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON GAMES AND AMUSEMENTS |
Abstract
Seeks to impose a tax of 4% on winnings from the following special bets: a) daily double, b) extra double event, c) forecast event, d) double quinella event, e) trifecta event, f) daily double + event, and g) pari-mutuel event.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.