Bill Type
Congress Name
Long Title
AN ACT PROVIDING AN ALTERNATIVE MODE OF TAX PAYMENT BY CORPORATIONS, AMENDING FOR SUCH PURPOSE SECTION 56 (A) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997
Date filed
March 22, 1999
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB07129 | |
| FULL TITLE : AN ACT PROVIDING AN ALTERNATIVE MODE OF TAX PAYMENT BY CORPORATIONS, AMENDING FOR SUCH PURPOSE SECTION 56 (A) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997 | |
| ABSTRACT : This bill is a creative and optional measure which seeks to provide corporations with an alternative mode of payment of 20% of their yearly corporate income tax payable by undertaking, completing and trasferring to the national government and/or LGUs infrastructure and other development projects, as well as donating equipment or giving grants. | |
| PRINCIPAL AUTHOR/S : FUENTEBELLA, ARNULFO P. | |
| DATE FILED : 1999-03-22 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| 3. | 4. |
| 5. | 6. |
| 7. | 8. |
| 9. | 10. |
| 11. | 12. |
| 13. | 14. |
| 15. | 16. |
| 17. | 18. |
| 19. | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1999-03-24 |
Abstract
This bill is a creative and optional measure which seeks to provide corporations with an alternative mode of payment of 20% of their yearly corporate income tax payable by undertaking, completing and trasferring to the national government and/or LGUs infrastructure and other development projects, as well as donating equipment or giving grants.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.