Bill Type
Congress Name
Long Title
AN ACT RATIONALIZING THE TAX ON WINNINGS AND DOCUMENTARY STAMP TAX ON HORSE RACING, AMENDING FOR THE PURPOSE SECTIONS 126 AND 190 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, SECTIONS 11 AND 13 OF REPUBLIC ACT NO. 8407 AND SECTIONS 8 AND 10 OF REPUBLIC ACT NO. 7953
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00681 |
| FULL TITLE : AN ACT RATIONALIZING THE TAX ON WINNINGS AND DOCUMENTARY STAMP TAX ON HORSE RACING, AMENDING FOR THE PURPOSE SECTIONS 126 AND 190 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, SECTIONS 11 AND 13 OF REPUBLIC ACT NO. 8407 AND SECTIONS 8 AND 10 OF REPUBLIC ACT NO. 7953 |
| ABSTRACT : The bill imposes a four percent (4%) tax to winners of the following horse racing events: Daily double, extra double, forecast, double quinella, trifecta, daily double + 1, and pari-mutuel. Imposes a 10 centavos documentary stamp on every P1.00 horse race ticket. |
| PRINCIPAL AUTHOR/S : MITRA, ABRAHAM KAHLIL B. |
| DATE FILED : 2004-07-01 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Nantes (066 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2005-05-17 |
| 2. Approved by the Committee on 2005-05-31 |
| 3. Committee Report filed on 2005-08-18 |
| MOTHER BILL: HB04632 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-07-28 |
Abstract
The bill imposes a four percent (4%) tax to winners of the following horse racing events: Daily double, extra double, forecast, double quinella, trifecta, daily double + 1, and pari-mutuel. Imposes a 10 centavos documentary stamp on every P1.00 horse race ticket.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.