Bill Type
Congress Name
Long Title
AN ACT AMENDING REPUBLIC ACT NO. 8424, AS AMENDED, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997, AND REPUBLIC ACT NO. 6657, AS AMENDED, OTHERWISE KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW OF 1988
Date filed
August 7, 2002
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 5091, 12th Congress of the Republic |
| FULL TITLE : AN ACT AMENDING REPUBLIC ACT NO. 8424, AS AMENDED, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997, AND REPUBLIC ACT NO. 6657, AS AMENDED, OTHERWISE KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW OF 1988 |
| ABSTRACT : This bill seeks to exempt the interest earnings of Landbank of the Philippines (LBP) bonds paid by the government to landowners for land acquisition under the Comprehensive Agrarian Reform Act of 1988, from the 20% withholding tax imposed by the National Internal Revenue Code. |
| PRINCIPAL AUTHOR/S : RODRIGUEZ, OSCAR S. |
| DATE FILED : 2002-08-07 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Calalay (012 ) |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2002-08-14 |
Abstract
This bill seeks to exempt the interest earnings of Landbank of the Philippines (LBP) bonds paid by the government to landowners for land acquisition under the Comprehensive Agrarian Reform Act of 1988, from the 20% withholding tax imposed by the National Internal Revenue Code.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.