Bill Type
Congress Name
Long Title
AN ACT PROVIDING THAT THE INCOME TAX RETURN SHALL BE THE PRINCIPAL BASIS FOR DETERMINING THE FINANCIAL CAPACITY OF A CREDIT APPLICANT BY BANKS AND OTHER FINANCIAL INSTITUTIONS AND PROVIDING PENALTIES FOR ANY VIOLATION THEREFOR, AMENDING FOR THE PURPOSE SECTION SEVENTY-SIX OF REPUBLIC ACT NUMBERED THREE HUNDRED AND THIRTY-SEVEN, AS AMENDED
Date filed
July 7, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB00763 |
| FULL TITLE : AN ACT PROVIDING THAT THE INCOME TAX RETURN SHALL BE THE PRINCIPAL BASIS FOR DETERMINING THE FINANCIAL CAPACITY OF A CREDIT APPLICANT BY BANKS AND OTHER FINANCIAL INSTITUTIONS AND PROVIDING PENALTIES FOR ANY VIOLATION THEREFOR, AMENDING FOR THE PURPOSE SECTION SEVENTY-SIX OF REPUBLIC ACT NUMBERED THREE HUNDRED AND THIRTY-SEVEN, AS AMENDED |
| ABSTRACT : Compels the taxpayer to declare his true income and pay the corresponding tax to the government in order to avail himself of good credit line to obtain banks loans. |
| PRINCIPAL AUTHOR/S : TUAZON, RODOLFO T. |
| DATE FILED : 1998-07-07 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 1998-07-29 |
Abstract
Compels the taxpayer to declare his true income and pay the corresponding tax to the government in order to avail himself of good credit line to obtain banks loans.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.