Bill Type
Congress Name
Long Title
AN ACT GRANTING LIFETIME EXEMPTION FROM THE PAYMENT OF INCOME TAX AND TAX-EXEMPT CASH REWARDS TO FILIPINO ATHLETES AND PLAYERS WINNING GLOBAL SPORTS COMPETITIONS OR OTHER WORLD TOURNAMENTS AND APPROPRIATING FUNDS THEREFOR
Date filed
September 29, 1999
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB08447 |
| FULL TITLE : AN ACT GRANTING LIFETIME EXEMPTION FROM THE PAYMENT OF INCOME TAX AND TAX-EXEMPT CASH REWARDS TO FILIPINO ATHLETES AND PLAYERS WINNING GLOBAL SPORTS COMPETITIONS OR OTHER WORLD TOURNAMENTS AND APPROPRIATING FUNDS THEREFOR |
| ABSTRACT : Filipino atletes or players, who bring honor and prestige to the Philippines by winning the championship or first place in global sports competitions or other world tournaments shall be granted a lifetime exemption from the payment of income tax anda tax-exempt cash reward of One Million Pesos (P1,000,000.00) . |
| PRINCIPAL AUTHOR/S : AQUINO, AGAPITO A. |
| DATE FILED : 1999-09-29 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON YOUTH AND SPORTS DEVELOPMENT ON 1999-10-05 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON WAYS AND MEANS |
Abstract
Filipino atletes or players, who bring honor and prestige to the Philippines by winning the championship or first place in global sports competitions or other world tournaments shall be granted a lifetime exemption from the payment of income tax anda tax-exempt cash reward of One Million Pesos (P1,000,000.00) .
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.