Bill Type
Short Title
TAX REFORM ACT
Text as Filed (File)
Third Reading Copy link (HRep)
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
2
Session Type
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Report Senate Link
Committee Referral (Senate Website)
Senate Legis Intranet Link
Legislative History
| House Bill/Resolution NO. HB06017 | |
| REPUBLIC ACT NO. RA10001 | |
| FULL TITLE : AN ACT GRANTING TAX RELIEF TO THE LIFE INSURANCE INDUSTRY BY ABOLISHING THE DOCUMENTARY STAMP TAX AND PREMIUM TAX ON LIFE INSURANCE, REPEALING FOR THIS PURPOSE SECTIONS 123 AND 183 AND AMENDING FURTHER SECTION 199 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED | |
| SHORT TITLE : Granting Tax Relief To The Life Insurance Industry By Abolishing The Documentary Stamp Tax And Premium Tax On Life Insurance | |
| ABSTRACT : Seeks to enhance growth and competitiveness of the life inurance industry as a vehicle for long term savings by abolishing and/or amending certain provisions of the Internal Revenue Code of 1997, as amended. | |
| PRINCIPAL AUTHOR/S : VINZONS-CHATO, LIWAYWAY | |
| DATE FILED : 2009-02-25 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Javier | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Teodoro (078 ) | 2. Nograles (000 ) |
| COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB03502 | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for first meeting/hearing on 2009-04-14 | |
| 2. Approved by the Committee on 2009-05-05 | |
| 3. Committee Report filed on 2009-06-03 | |
| 4. Bicameral Conference Report filed on 2009-12-15 | |
| COMMITTEE REPORT NO. 02040 | |
| SUBMITTED ON 2009-05-19 | |
| SUBMITTED BY: WAYS AND MEANS | |
| RECOMMENDATIONS: approval | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2009-03-02 | |
| DATE INCLUDED IN OB: 2009-05-19 | |
| DATE CALENDARED : 2009-05-26 | |
| SECOND READING INFORMATION | |
| DATE APPROVED ON SECOND READING : 2009-05-26 | |
| REMARKS : On May 26, 2009, the Body approved to consider the Explanatory Note of the Bill as the sponsorship remarks on the measure; terminated the period of sponsorship and debate; terminated the period of amendments; and approved the same on Second Reading. | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2009-05-29 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2009-06-03 | |
| HOUSE VOTES: YEAS:247 NAYS:0 ABSTAIN:.0 | |
| DATE TRANSMITTED TO THE SENATE: 2009-06-23 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2009-06-23 | |
| CONFERENCE COMMITTEE INFORMATION | |
| DATE REQUESTED TO FORM A CONFERENCE COMMITTEE : 2009-12-01 | |
| CONFERENCE COMMITTEEE REQUESTED BY : SENATE | |
| DATE AGREED TO FORM A CONFERENCE COMMITTEE : 2009-12-07 | |
| REMARKS : Approved by the President on Feb. 23, 2010 as RA10001 containing the President's item veto message on Sec. 4. | |
| CONCOM MEMBERS(HOUSE) : Javier, Salvacion, Vinzons-Chato, Lapus, Noel | |
| CONCOM MEMBERS(SENATE) : Lacson, Angara, Zubiri, Cayetano (P.) | |
| DATE HOUSE RATIFIED CONCOM REPORT : 2009-12-15 | |
| DATE SENATE APPROVED CONCOM REPORT : 2009-12-11 | |
| ACTIONS TAKEN BY THE PRESIDENT | |
| DATE TRANSMITTED TO THE PRESIDENT : 2010-02-08 | |
| DATE ACTED UPON BY THE PRESIDENT : 2010-02-23 | |
| PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : A | |
| REPUBLIC ACT NO.: RA10001 | |
| ORIGIN : HOUSE | |
| REPUBLIC ACT TITLE: AN ACT REDUCING THE TAXES ON LIFE INSURANCE POLICIES, AMENDING FOR THIS PURPOSE SECTIONS 123 AND 183 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED |
Abstract
Seeks to enhance growth and competitiveness of the life inurance industry as a vehicle for long term savings by abolishing and/or amending certain provisions of the Internal Revenue Code of 1997, as amended.
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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.