Bill Type
House Bill
Congress Name
11th Congress of the Republic
Long Title
AN ACT AMENDING SECTION 30, CHAPTER 4 OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997 AND FOR OTHER PURPOSES(RE: TAX EXEMPTION OF CERTAIN CORPORATIONS)
Congress Author
GOLEZ, ROILO S.
Date filed
March 11, 1999
Scope
NATIONAL
Urgent Bill
No

Legislative History

House Bill/Resolution NO. HB07050
FULL TITLE : AN ACT AMENDING SECTION 30, CHAPTER 4 OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997 AND FOR OTHER PURPOSES(RE: TAX EXEMPTION OF CERTAIN CORPORATIONS)
ABSTRACT : EXEMPTS the income of certain corporations FROM being taxed on the fact that said institutions are NOT engaged in business and their income is devoted exclusively to attain their lofty objectives.
PRINCIPAL AUTHOR/S : GOLEZ, ROILO S.
DATE FILED : 1999-03-11
SIGNIFICANCE: NATIONAL
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ADMINISTRATION BILL? No
URGENT BILL? No
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1999-03-17

Abstract

EXEMPTS the income of certain corporations FROM being taxed on the fact that said institutions are NOT engaged in business and their income is devoted exclusively to attain their lofty objectives.

Disclaimer

Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.