Bill Type
Congress Name
Long Title
AN ACT AUTHORIZING THE BUREAU OF INTERNAL REVENUE AND THE DEPARTMENT OF FINANCE TO FORMULATE AN INCENTIVE PROGRAM TO ENCOURAGE TAXPAYERS TO VOLUNTARILY PARTICIPATE IN THE REVENUE ENHANCEMENT PROGRAM OF THE GOVERNMENT INCLUDING THE GRANTING OF IMMUNITY FROM AUDIT AND INVESTIGATION OF INCOME TAX, VAT AND PERCENTAGE TAX FOR TAXABLE YEAR 1998 UNDER CERTAIN CONDITIONS
Date filed
March 8, 1999
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB06987 |
| FULL TITLE : AN ACT AUTHORIZING THE BUREAU OF INTERNAL REVENUE AND THE DEPARTMENT OF FINANCE TO FORMULATE AN INCENTIVE PROGRAM TO ENCOURAGE TAXPAYERS TO VOLUNTARILY PARTICIPATE IN THE REVENUE ENHANCEMENT PROGRAM OF THE GOVERNMENT INCLUDING THE GRANTING OF IMMUNITY FROM AUDIT AND INVESTIGATION OF INCOME TAX, VAT AND PERCENTAGE TAX FOR TAXABLE YEAR 1998 UNDER CERTAIN CONDITIONS |
| ABSTRACT : Rationale: The BIR came up with REVENUE REGULATIONS NO. 2-99 dated February 7, 1999 to encourage taxpayers to voluntary cooeprate in the Economic Recovery Assistance Payment (ERAP) Program of the government. The Program, however, was criticized by certain House Members for being UNCONSTITUTIONA L. They claim that the Revenue Regulations is a tax amnesty, and that ONLY Congress can grant the amnesty. |
| PRINCIPAL AUTHOR/S : ANGPING, HARRY C. |
| DATE FILED : 1999-03-08 |
| 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 1999-03-15 |
Abstract
Rationale: The BIR came up with REVENUE REGULATIONS NO. 2-99 dated February 7, 1999 to encourage taxpayers to voluntary cooeprate in the Economic Recovery Assistance Payment (ERAP) Program of the government. The Program, however, was criticized by certain House Members for being UNCONSTITUTIONA L. They claim that the Revenue Regulations is a tax amnesty, and that ONLY Congress can grant the amnesty.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.