Bill Type
Congress Name
Long Title
AN ACT AUTHORIZING THE EXCLUSION OF THE 13TH MONTH PAY AND OTHER BENEFITS EXCEEDING THIRTY THOUSAND PESOS (P30,000) FROM THE COMPUTATION OF TAXABLE INCOME THEREBY AMENDING SECTION 32 OF REPUBLIC ACT 8424, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997
Date filed
July 3, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00712 | |
| FULL TITLE : AN ACT AUTHORIZING THE EXCLUSION OF THE 13TH MONTH PAY AND OTHER BENEFITS EXCEEDING THIRTY THOUSAND PESOS (P30,000) FROM THE COMPUTATION OF TAXABLE INCOME THEREBY AMENDING SECTION 32 OF REPUBLIC ACT 8424, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997 | |
| ABSTRACT : The bill seeks to remove the ceiling of P30,000 on 13th month pay and on other benefits which shall be excluded from the computation of taxable income. | |
| PRINCIPAL AUTHOR/S : LIM, RENO G. | |
| DATE FILED : 2007-07-03 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Almario (017 ) | 2. Lazatin (030 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for first meeting/hearing on 2008-02-26 | |
| 2. Under deliberation by the Mother Committee on 2008-03-04 | |
| 3. Under deliberation by the Mother Committee on 2008-03-11 | |
| 4. Approved by the Committee on 2008-04-22 | |
| 5. Committee Report filed on 2008-04-28 | |
| MOTHER BILL: HB03971 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2007-07-31 |
Abstract
The bill seeks to remove the ceiling of P30,000 on 13th month pay and on other benefits which shall be excluded from the computation of taxable income.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.