Bill Type
Congress Name
Long Title
AN ACT ESTABLISHING PROFIT-SHARING IN ALL BUSINESS ENTERPRISES, INCLUDING GOVERNMENT-OWNED AND CONTROLLED CORPORATIONS
Date filed
June 7, 2006
Scope
Legislative History
| House Bill/Resolution NO. HB05516 |
| FULL TITLE : AN ACT ESTABLISHING PROFIT-SHARING IN ALL BUSINESS ENTERPRISES, INCLUDING GOVERNMENT-OWNED AND CONTROLLED CORPORATIONS |
| ABSTRACT : The bill mandates all business enterprises to adopt a profit-sharing scheme which shall be derived from 10% of the net profit before tax. |
| PRINCIPAL AUTHOR/S : ESTRELLA, CONRADO III M. |
| DATE FILED : 2006-06-07 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Nantes (019 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LABOR AND EMPLOYMENT ON 2006-06-08 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON GOVERNMENT ENTERPRISES AND PRIVATIZATION |
Abstract
The bill mandates all business enterprises to adopt a profit-sharing scheme which shall be derived from 10% of the net profit before tax.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.