Bill Type
Long Title
AN ACT RESTRUCTURING THE INCOME TAXATION FOR INDIVIDUALS BY CREATING A NEW SECTION, SECTION 34-A, REPEALING SUBSECTION (L) OF SECTION 34 AND AMENDING SECTIONS 22, 24, 32 AND 35, ALL UNDER THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Short Title
RESTRUCTURING THE INCOME TAXATION FOR INDIVIDUALS
Text as Filed (File)
Third Reading Copy link (HRep)
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
86
Session Type
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Report Senate Link
Committee Referral (Senate Website)
Senate Legis Intranet Link
Committee Details
Primary Committee
Committee Report No.
78
Legislative History
| House Bill/Resolution NO. HB05296 | |
| FULL TITLE : AN ACT RESTRUCTURING THE INCOME TAXATION FOR INDIVIDUALS BY CREATING A NEW SECTION SEC. 34-A, REPEALING SUBSECTION (L) OF SECTION 34, AND AMENDING SECTIONS 22, 24, 32 AND 35, ALL UNDER THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED | |
| SHORT TITLE : Restructuring the Income Taxation for Individuals | |
| ABSTRACT : The bill exempts minimum wage earners from income taxation and lowers the income tax of low middle income earners. It also increases by 50% the personal exemptions enjoyed by every taxpayer. | |
| PRINCIPAL AUTHOR/S : MICHAEL JOHN "JACK" R. DUAVIT | |
| DATE FILED : 2006-02-23 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Syjuco | 2. Enrile |
| 3. Magtubo | 4. Barbers |
| 5. Salceda | 6. Casiño |
| 7. Ocampo | 8. Virador |
| 9. Maza | 10. Beltran |
| 11. Mariano | 12. Hontiveros-baraquel |
| 13. Aguja | 14. Rosales |
| 15. Lapus | 16. Teves |
| 17. Abad | 18. Cabilao |
| 19. Chatto | 20. Olano |
| 21. Lagman | 22. Joson |
| 23. De Guzman | 24. Domogan |
| 25. Dumarpa | 26. Villafuerte |
| CO-AUTHORS (Journal Entries) : | |
| 1. Codilla (057 ) | 2. Abayon (059 ) |
| 3. Gullas (059 ) | 4. Villarosa (067 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Committee Report filed on 2006-02-23 | |
| COMMITTEE REPORT NO. 01581 | |
| SUBMITTED ON 2006-02-23 | |
| SUBMITTED BY: WAYS AND MEANS | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: HB00269, HB00700, HB02841, HB02843, HB02985, HB03802, HB03832, HB04240, HB04859, HB04865 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2006-03-01 | |
| DATE INCLUDED IN OB: 2006-03-01 | |
| SECOND READING INFORMATION | |
| PERIOD OF COMMITTEE AMENDMENTS : 2006-04-05 | |
| DATE APPROVED ON SECOND READING : 2006-04-05 | |
| REMARKS : On April 05, 2006, Rep. Lapus manifested that he would submit his written sponsorship speech on the measure | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2006-05-15 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2006-05-29 | |
| HOUSE VOTES: YEAS:135 NAYS:0 ABSTAIN:.0 | |
| DATE TRANSMITTED TO THE SENATE: 2006-05-31 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2006-05-31 | |
| CONFERENCE COMMITTEE INFORMATION | |
| DATE REQUESTED TO FORM A CONFERENCE COMMITTEE : 2006-06-07 | |
| CONFERENCE COMMITTEEE REQUESTED BY : HOUSE | |
| REMARKS : | |
| CONCOM MEMBERS(HOUSE) : Lapus, Teves, Cua, Javier, Lagman, Villafuerte, Barbers, Abad, Zamora, Magtubo |
Senate Legislative History
Entitled: AN ACT RESTRUCTURING THE INCOME TAXATION FOR INDIVIDUALS BY CREATING A NEW SECTION, SECTION 34-A, REPEALING SUBSECTION (L) OF SECTION 34 AND AMENDING SECTIONS 22, 24, 32 AND 35, ALL UNDER THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED [ SECOND REGULAR SESSION, 13TH CONGRESS ] [ 2006 ] 5/31/2006 Filed in the Senate requesting for concurrence by Representatives MICHAEL JOHN "JACK" R. DUAVIT, JUDY SYJUCO, JUAN C. PONCE ENRILE JR., RENATO "KA RENE" B. MAGTUBO and ACE S. BARBERS as authors; 5/31/2006 Read on First Reading and referred to the Committee on WAYS AND MEANS; 6/5/2006 Returned by the Committee on WAYS AND MEANS per Committee Report No. 78, recommending that it be substituted by SBN-2261; 6/5/2006 Submitted said Committee Report to the Senate; 6/5/2006 SUBSTITUTED BY SBN-2261. [ THIRD REGULAR SESSION ] 7/26/2006 House of Representatives designated Representatives Lapus, Teves, Cua, Javier, Lagman, Villafuerte, Barbers, and Abad, on the part of the Majority, and Representatives Zamora and Magtubo on the part of the Minority, as its conferees to the Bicameral Conference Committee in case of disagreement on HBN-5296 and SBN-2261 on June 7, 2006;
Abstract
The bill exempts minimum wage earners from income taxation and lowers the income tax of low middle income earners. It also increases by 50% the personal exemptions enjoyed by every taxpayer.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.