Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 35 (A) AND (B) REPUBLIC ACT NO. 9010 ENTITLED "THE NATIONAL INTERNAL REVENUE CODE OF 1997", AS AMENDED, AND FOR OTHER PURPOSES
Date filed
October 18, 2005
Scope
Legislative History
| House Bill/Resolution NO. HB04859 |
| FULL TITLE : AN ACT AMENDING SECTION 35 (A) AND (B) REPUBLIC ACT NO. 9010 ENTITLED "THE NATIONAL INTERNAL REVENUE CODE OF 1997", AS AMENDED, AND FOR OTHER PURPOSES |
| ABSTRACT : The bill increases the basic personal exemption of individual taxpayers, to wit: a) for single individuals or legally separated individuals with no qualified dependents - P40,000; b) for head of the family - P50,000; and c) for each married individual - P64,000. It also increases the additional exemption for each dependent (but not exceeding four dependents) to P16,000. |
| PRINCIPAL AUTHOR/S : BARBERS, ROBERT ACE S. |
| DATE FILED : 2005-10-18 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Romualdo (044 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2006-01-17 |
| 2. Scheduled for first meeting/hearing on 2006-01-17 |
| 3. Under deliberation by the Mother Committee on 2006-01-24 |
| 4. Under deliberation by the Mother Committee on 2006-01-24 |
| 5. Under deliberation by the Mother Committee on 2006-01-31 |
| 6. Under deliberation by the Mother Committee on 2006-01-31 |
| 7. Approved by the Committee on 2006-02-14 |
| 8. Approved by the Committee on 2006-02-14 |
| 9. Committee Report filed on 2006-02-23 |
| 10. Committee Report filed on 2006-02-23 |
| MOTHER BILL: HB05296 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2005-11-07 |
Abstract
The bill increases the basic personal exemption of individual taxpayers, to wit: a) for single individuals or legally separated individuals with no qualified dependents - P40,000; b) for head of the family - P50,000; and c) for each married individual - P64,000. It also increases the additional exemption for each dependent (but not exceeding four dependents) to P16,000.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.