Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 65 OF REPUBLIC ACT NO. 6657, OTHERWISE KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW, IMPOSING A TAX ON THE CONVERSION OF AGRICULTURAL LANDS INTO INDUSTRIAL, COMMERCIAL OR OTHER NON-AGRICULTURA L USES
Date filed
July 2, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB00601 |
| FULL TITLE : AN ACT AMENDING SECTION 65 OF REPUBLIC ACT NO. 6657, OTHERWISE KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW, IMPOSING A TAX ON THE CONVERSION OF AGRICULTURAL LANDS INTO INDUSTRIAL, COMMERCIAL OR OTHER NON-AGRICULTURA L USES |
| ABSTRACT : Imposes a fifteen percent (15%) tax on all conversions of agricultural land into nonagricultural use, based on its market value, to be accrued to the Agrarian Reform Fund for use of the Comprehensive Agrarian Reform Program. |
| PRINCIPAL AUTHOR/S : ALVAREZ, HEHERSON T. |
| DATE FILED : 1998-07-02 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1998-07-29 |
Abstract
Imposes a fifteen percent (15%) tax on all conversions of agricultural land into nonagricultural use, based on its market value, to be accrued to the Agrarian Reform Fund for use of the Comprehensive Agrarian Reform Program.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.