Bill Type
Short Title
TAX INCENTIVES MANAGEMENT AND TRANSPARENCY ACT (TIMTA)
Third Reading Copy link (HRep)
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
2
Session Type
Subjects
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
Floor Activity (Senate Website)
Committee Details
House Committee Report link
Floor Activity
Floor Activity
Date Parliamentary status Senator(s) 10/7/2015 Sponsorship Speech on the Conference Committee Report Angara, Juan Edgardo "Sonny" M.
Legislative History
| House Bill/Resolution NO. HB05831 | |
| REPUBLIC ACT NO. RA10708 | |
| FULL TITLE : AN ACT ENHANCING THE CURRENT TAX SYSTEM BY IMPLEMENTING MEASURES THAT ENSURE TRANSPARENCY IN THE MANAGEMENT AND ACCOUNTING OF TAX INCENTIVES GRANTED TO GOVERNMENT AND NONGOVERNMENT ENTITIES, AND FOR OTHER PURPOSES | |
| SHORT TITLE : Enhancing The Current Tax System By Implementing Measures That Ensure Transparency In The Management And Accounting Of Tax Incentives Granted To Government And Nongovernment Entitie | |
| ALIAS NAME : The Tax Incentives Management and Transparency Act (TIMTA) | |
| PRINCIPAL AUTHOR/S : GERONA-ROBREDO, MARIA LEONOR, RODRIGUEZ, RUFUS B., RODRIGUEZ, MAXIMO JR. B. | |
| DATE FILED : 2015-06-02 | |
| SIGNIFICANCE: NATIONAL | |
| NATURE : Economic | |
| CO-AUTHORS : | |
| 1. Quimbo | 2. Suansing |
| 3. Tambunting | 4. Garin (S.) |
| 5. Noel | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Belmonte (F.) (026 2015-09-28) | |
| AUTHORS(Final/Third Reading) : | |
| 1. Gerona-Robredo | 2. Rodriguez (R.) |
| 3. Rodriguez (M.) | 4. Quimbo |
| 5. Suansing | 6. Tambunting |
| 7. Garin (S.) | 8. Noel |
| 9. Quisumbing | 10. Co |
| 11. Batocabe | 12. Tan (A.) |
| 13. Abayon | |
| COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB02669 | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 00755 | |
| SUBMITTED ON 2015-06-02 | |
| SUBMITTED BY: WAYS AND MEANS | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: HB02492, HB05537 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2015-06-03 | |
| DATE INCLUDED IN OB: 2015-06-03 | |
| DATE CALENDARED : 2015-06-04 | |
| SECOND READING INFORMATION | |
| PERIOD OF SPONSORSHIP : 2015-06-04 | |
| SPONSORED BY : Gerona-Robredo | |
| FINAL LIST OF AUTHORS : Gerona-Robredo, Rodriguez (R.), Rodriguez (M.), Quimbo, Suansing, Tambunting, Garin (S.), Noel, Quisumbing, Co, Batocabe, Tan (A.), Abayon | |
| DATE APPROVED ON SECOND READING : 2015-06-04 | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2015-06-04 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2015-06-09 | |
| HOUSE VOTES: YEAS:211 NAYS:0 ABSTAIN:.0 | |
| Voting Details Per Member(Legend:Y-Yes N-No A-Abstain X-Did Not Vote B-Absent D-N/A) | |
| Y---Abad | Y---Abaya |
| Y---Abayon | X---Abellanosa |
| Y---Abu | Y---Abueg |
| Y---Acedillo | Y---Acharon |
| Y---Acop | Y---Acosta-Alba |
| Y---Adiong | X---Advincula |
| X---Agarao | Y---Aggabao |
| X---Aglipay | Y---Agyao |
| Y---Albano | X---Alcala |
| Y---Alejano | Y---Aliping |
| Y---Almario | Y---Almonte |
| Y---Alvarez (F.) | Y---Alvarez (M.) |
| X---Amante | Y---Amatong (I.) |
| Y---Amatong (R.) | X---Andaya |
| Y---Angara-Castillo | X---Angping |
| X---Antonino-Nadres | X---Antonio |
| Y---Apostol | Y---Aragones |
| Y---Arbison | X---Arenas |
| Y---Arnaiz | Y---Arroyo |
| Y---Asilo | Y---Atienza |
| Y---Aumentado | Y---Bag-ao |
| Y---Bagatsing | X---Baguilat |
| Y---Balindong | Y---Banal |
| Y---Barcelona-Reyes | Y---Barzaga |
| Y---Bataoil | Y---Batocabe |
| X---Bautista | Y---Bello (S.) |
| D---Bello (W.)--(N/A) | Y---Belmonte (F.) |
| Y---Belmonte (J.) | Y---Belmonte (V.) |
| X---Benitez | X---Bernos |
| Y---Biazon | Y---Bichara |
| Y---Binay | X---Biron |
| Y---Bondoc | X---Bonoan |
| Y---Bravo (A.) | Y---Bravo (M.) |
| X---Briones | Y---Bulut-Begtang |
| Y---Cabilao | Y---Cagas |
| X---Calalay | Y---Calixto-Rubiano |
| Y---Caminero | Y---Cari |
| Y---Castelo | Y---Castro |
| X---Catamco | Y---Cayetano |
| Y---Celeste | X---Cerafica |
| Y---Chipeco | Y---Co |
| D---Cojuangco (E.)--(N/A) | X---Cojuangco (K.) |
| Y---Collantes | Y---Colmenares |
| Y---Cortuna | Y---Cosalan |
| X---Cruz-Gonzales | Y---Cua |
| Y---Cueva | Y---Dalog |
| X---Dayanghirang | X---De Jesus |
| X---Dela Cruz | Y---De Venecia |
| Y---Defensor | Y---Del Mar |
| Y---Del Rosario (A.G.) | Y---Del Rosario (A.A.) |
| Y---Deloso-Montalla | B---Dimaporo (A.)--(Absent) |
| Y---Dimaporo (I.) | X---Duavit |
| Y---Durano | Y---Dy |
| Y---Echiverri | Y---Cerilles |
| X---Enverga | Y---Erice |
| Y---Eriguel | X---Ermita-Buhain |
| Y---Escudero | Y---Espina |
| Y---Estrella | Y---Evardone |
| Y---Fariñas | X---Fernandez |
| Y---Ferrer (J.) | X---Ferrer (L.) |
| X---Ferriol | X---Flores |
| Y---Fortun | Y---Fortuno |
| B---Fuentebella--(Absent) | Y---Garay |
| Y---Garcia (E.) | Y---Garcia (G.) |
| Y---Garcia-Albano | Y---Garin (O.) |
| X---Garin (S.) | Y---Gatchalian (S.) |
| Y---Gatchalian (W.) | Y---Geron |
| Y---Go (A.C.) | X---Go (A.F.) |
| Y---Gomez | Y---Gonzales |
| Y---Gonzalez | Y---Gorriceta |
| Y---Guanlao | X---Guiao |
| Y---Gullas | Y---Gunigundo |
| Y---Gutierrez | X---Hagedorn |
| X---Haresco | Y---Hataman-Salliman |
| Y---Hernandez | Y---Hicap |
| Y---Hofer | Y---Ilagan |
| Y---Iway | X---Jalosjos |
| X---Javier | Y---Katoh |
| Y---Kho | Y---Khonghun |
| Y---Labadlabad | Y---Lacson-Noel |
| Y---Lagdameo (A.) | Y---Lagdameo (M.) |
| X---Lagman | Y---Lanete |
| Y---Leachon | X---Ledesma |
| X---Lee | X---Leonardia |
| Y---Leonen-Pizarro | Y---Lobregat |
| Y---Loong | Y---Lopez (C.) |
| Y---Lopez (C.J.) | X---Loyola |
| B---Macapagal-Arroyo--(Absent) | Y---Madrona |
| Y---Magsaysay | X---Manalo |
| Y---Mangudadatu | X---Marcos |
| Y---Masongsong | Y---Matugas |
| Y---Mellana | Y---Mendoza (J.) |
| Y---Mendoza (M.) | X---Mendoza (R.) |
| Y---Mercado | Y---Mirasol |
| Y---Montejo | X---Nava (J.) |
| Y---Nava (P.) | Y---Noel |
| X---Nograles | Y---Macrohon-Nuño |
| Y---Oaminal | X---Ocampo |
| Y---Olivarez | X---Ong |
| Y---Ortega (F.) | Y---Ortega (V.) |
| B---Pacquiao--(Absent) | Y---Padilla |
| Y---Paduano | Y---Paez |
| X---Pagdilao | Y---Pancho |
| Y---Panganiban | Y---Panotes |
| Y---Pernes | Y---Piamonte |
| Y---Pichay | X---Plaza |
| X---Ponce Enrile | Y---Primicias-Agabas |
| Y---Puno | Y---Quimbo |
| X---Quisumbing | X---Radaza |
| Y---Ramos | Y---Relampagos |
| Y---Revilla | X---Mercado-Revilla |
| Y---Reyes | Y---Ridon |
| Y---Rivera | X---Robes |
| Y---Gerona-Robredo | Y---Rodriguez (I.) |
| Y---Rodriguez (M.) | Y---Rodriguez (O.) |
| Y---Rodriguez (R.) | Y---Roman |
| Y---Romarate | Y---Romualdez |
| Y---Romualdo | Y---Romulo |
| Y---Roque | Y---Sacdalan |
| X---Sahali | Y---Sakaluran |
| Y---Salimbangon | X---Salvacion |
| Y---Paquiz | Y---Santiago |
| Y---Sarmiento (C.) | Y---Sarmiento (M.) |
| Y---Ramirez-Sato | Y---Sema |
| Y---Señeres | Y---Singson (E.) |
| Y---Singson (R.) | X---Suansing |
| Y---Suarez | X---Sy-Alvarado |
| Y---Tambunting | Y---Tan (A.) |
| X---Tan (M.) | Y---Tejada |
| X---Teodoro | Y---Teves |
| Y---Tiangco | Y---Tieng |
| Y---Ting | Y---Tinio |
| Y---Tolentino | Y---Treñas |
| Y---Tugna | X---Tupas |
| X---Turabin-Hataman | X---Ty |
| X---Umali (C.) | Y---Umali (R.) |
| Y---Unabia | Y---Ungab |
| Y---Uy (J.) | Y---Uy (R.) |
| Y---Vargas | X---Vargas-Alfonso |
| Y---Velarde | D---Velasco, L.A.--(N/A) |
| Y---Velasco, L. | Y---Villanueva |
| X---Villar | Y---Villarica |
| X---Violago | X---Yap (A.) |
| Y---Yap (S.) | Y---Yu |
| Y---Zamora (M.) | Y---Zamora (R.) |
| Y---Zarate | X---Zubiri |
| DATE TRANSMITTED TO THE SENATE: 2015-06-11 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2015-06-11 | |
| CONFERENCE COMMITTEE INFORMATION | |
| DATE REQUESTED TO FORM A CONFERENCE COMMITTEE : 2015-07-28 | |
| CONFERENCE COMMITTEEE REQUESTED BY : SENATE | |
| DATE AGREED TO FORM A CONFERENCE COMMITTEE : 2015-08-10 | |
| REMARKS : | |
| CONCOM MEMBERS(HOUSE) : Quimbo, Garin (S.), Gerona-Robredo, Cua, Noel, Bello (S.) | |
| CONCOM MEMBERS(SENATE) : Angara (E.), Recto, Villar (C.), Aquino (B.), Ejercito (J.) | |
| DATE HOUSE RATIFIED CONCOM REPORT : 2015-10-07 | |
| DATE SENATE APPROVED CONCOM REPORT : 2015-10-07 | |
| ACTIONS TAKEN BY THE PRESIDENT | |
| DATE TRANSMITTED TO THE PRESIDENT : 2015-11-10 | |
| DATE ACTED UPON BY THE PRESIDENT : 2015-12-09 | |
| PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : A | |
| REPUBLIC ACT NO.: RA10708 | |
| ORIGIN : HOUSE | |
| REPUBLIC ACT TITLE: AN ACT ENHANCING TRANSPARENCY IN THE MANAGEMENT AND ACCOUNTING OF TAX INCENTIVES ADMINISTERED BY INVESTMENT PROMOTION AGENCIES |
Senate Legislative History
Entitled: AN ACT ENHANCING THE CURRENT TAX SYSTEM BY IMPLEMENTING MEASURES THAT ENSURE TRANSPARENCY IN THE MANAGEMENT AND ACCOUNTING OF TAX INCENTIVES GRANTED TO GOVERNMENT AND NONGOVERNMENT ENTITIES, AND FOR OTHER PURPOSES [ THIRD REGULAR SESSION, 16TH CONGRESS ] [ 2015 ] Introduced by Representatives MARIA LEONOR GERONA-ROBREDO, RUFUS B. RODRIGUEZ, MAXIMO JR. B. RODRIGUEZ, ROMERO "MIRO" S. QUIMBO, ESTRELLITA B. SUANSING, GUS S. TAMBUNTING, SHARON S. GARIN, VICTORIA G. NOEL, GABRIEL LUIS R. QUISUMBING, CHRISTOPHER S. CO, RODEL M. BATOCABE, ANGELINA "HELEN" M.D. DL. TAN and HARLIN C. ABAYON; Approved on Third Reading by the House of Representatives on June 9, 2015; 6/11/2015 Sent to the Senate requesting for concurrence; 7/28/2015 Read on First Reading and Referred to the Committee on RULES; 7/30/2015 Senate informed the House of Representatives that on July 28, 2015, Senators Angara, Recto, Villar, Aquino IV and JV Ejercito were designated as its conferees on the disagreeing provisions of SBN-2669 and HBN-5831; 8/17/2015 House of Representatives designated Representatives Quimbo, Garin, Gerona-Robredo, Cua, Noel and Bello III as its conferees on the disagreeing provisions of SBN-2669 and HBN-5831 on August 10, 2015; 10/7/2015 Conference Committee Report on the disagreeing provisions of SBN-2669 and HBN-5831, submitted to the Senate, recommending that HBN-5831, in consolidation with SBN-2669, be approved as reconciled; 10/7/2015 Sponsorship speech on the Conference Committee Report of Senator JUAN EDGARDO "SONNY" M. ANGARA; 10/7/2015 Conference Committee Report Approved by the Senate; 11/3/2015 Conference Committee Report Approved by the House of Representatives on October 7, 2015; 11/4/2015 Enrolled copies of the consolidated version of HBN-5831 and SBN-2669, received by the Senate for the signature of Senate Secretary Yabes and Senate President Drilon on October 22, 2015; 11/5/2015 Enrolled copies of the consolidated version of HBN-5831 and SBN-2669, sent back to the House of Representatives which were signed by Senate Secretary Yabes and Senate President Drilon; FINAL TITLE: AN ACT ENHANCING TRANSPARENCY IN THE MANAGEMENT AND ACCOUNTING OF TAX INCENTIVES, ADMINISTERED BY INVESTMENT PROMOTION AGENCIES 12/16/2015 Approved and signed into law, in consolidation with SBN-2669, by the President of the Philippines, His Excellency, President Benigno S. Aquino III on December 9, 2015 and became 12/16/2015 REPUBLIC ACT NO. 10708. (Pursuant to paragraph g, Sec. 7, Rule V of the Rules of the Senate, R.A.No. 10708 (HBN-5831/SBN-2669) with pertinent documents transmitted to the Legislative Records and Archives Service for safekeeping and preservation on March 15, 2016) (Prepared by the INDEXING, MONITORING AND LIS SECTION, LEGISLATIVE BILLS AND INDEX SERVICE)
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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.