Bill Type
Congress Name
Long Title
AN ACT CREATING THE VISAYAS DEVELOPMENT AUTHORITY, DEFINING ITS POWERS AND FUNCTIONS, PROVIDING FUNDS THEREFOR AND FOR OTHER PURPOSES
Text as filed (link)
Date filed
July 1, 2019
Scope
Legislative History
| House Bill/Resolution NO. HB00045 | |
| FULL TITLE : AN ACT CREATING THE VISAYAS DEVELOPMENT AUTHORITY, DEFINING ITS POWERS AND FUNCTIONS, PROVIDING FUNDS THEREFOR AND FOR OTHER PURPOSES | |
| ABSTRACT : Seeks to encourage investors to help those 3rd to 6th class municipalities in Visayas through investment by providing incentives through lowering the corporate income tax for corporations located in a 3rd to 6th class municipality and which are subsequently engaged in agro-industrial, industrial, commercial, tourist, banking, investment, and financial enterprises. | |
| PRINCIPAL AUTHOR/S : BENITEZ, JOSE FRANCISCO "KIKO" B. | |
| DATE FILED : 2019-07-01 | |
| SIGNIFICANCE: LOCAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Paduano (000 2019-07-31) | 2. Valmayor (000 2019-07-31) |
| 3. Tan (S.A.) (000 2020-02-04) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON GOVERNMENT ENTERPRISES AND PRIVATIZATION ON 2019-07-23 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON VISAYAS DEVELOPMENT |
Abstract
Seeks to encourage investors to help those 3rd to 6th class municipalities in Visayas through investment by providing incentives through lowering the corporate income tax for corporations located in a 3rd to 6th class municipality and which are subsequently engaged in agro-industrial, industrial, commercial, tourist, banking, investment, and financial enterprises.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.