Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 110 PARAGRAPH B OF THE NATIONAL INTERNAL REVENUE CODE OF 1997 AS AMENDED, AND FOR OTHER PURPOSES
Date filed
June 6, 2006
Scope
Legislative History
| House Bill/Resolution NO. HB05507 |
| FULL TITLE : AN ACT AMENDING SECTION 110 PARAGRAPH B OF THE NATIONAL INTERNAL REVENUE CODE OF 1997 AS AMENDED, AND FOR OTHER PURPOSES |
| ABSTRACT : The bill proposes to increase the 70% cap on the input tax on purchases against tax collected from the sale of goods and services (output (value-added tax [VAT]) to 90%. |
| PRINCIPAL AUTHOR/S : TEVES, HERMINIO G. |
| DATE FILED : 2006-06-06 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Committee Report Approved on 2006-08-15 |
| 2. Committee Report filed on 2006-08-31 |
| MOTHER BILL: HB05742 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2006-06-07 |
Abstract
The bill proposes to increase the 70% cap on the input tax on purchases against tax collected from the sale of goods and services (output (value-added tax [VAT]) to 90%.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.