Bill Type
Congress Name
Long Title
AN ACT PROVIDING DOMESTIC CORPORATIONS WHICH REGISTERED NEGATIVE INCOME IN ANY OR ALL OF THE TAXABLE YEARS COVERING THE PERIOD FROM 1998 TO 2000 EXEMPTION FROM PAYMENT OF THE MINIMUM CORPORATE INCOME TAX
Date filed
February 18, 1999
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB06799 |
| FULL TITLE : AN ACT PROVIDING DOMESTIC CORPORATIONS WHICH REGISTERED NEGATIVE INCOME IN ANY OR ALL OF THE TAXABLE YEARS COVERING THE PERIOD FROM 1998 TO 2000 EXEMPTION FROM PAYMENT OF THE MINIMUM CORPORATE INCOME TAX |
| ABSTRACT : The bill provides for a three-year period during which a domestic corporation which incurred heavy losses from 1998 to 2000 is granted EXEMPTION from payment of the minimum corporate income tax. |
| PRINCIPAL AUTHOR/S : SARMIENTO, ROGELIO M. |
| DATE FILED : 1999-02-18 |
| 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 1999-02-24 |
Abstract
The bill provides for a three-year period during which a domestic corporation which incurred heavy losses from 1998 to 2000 is granted EXEMPTION from payment of the minimum corporate income tax.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.