Bill Type
Congress Name
Long Title
AN ACT FURTHER AMENDING ARTICLE 39, TITLE III OF EXECUTIVE ORDER NO. 226, OTHERWISE KNOWN AS THE OMNIBUS INVESTMENTS CODE OF 1987, AS AMENDED, AND FOR OTHER PURPOSES(RE: INCENTIVES TO REGISTERD ENTERPRISES RELATING TO INCOME TAX HOLIDAY; NOLCO;IMPORTED CAPITAL EQUIPMENT
Date filed
November 16, 1999
Scope
Urgent Bill
Yes
Legislative History
| House Bill/Resolution NO. HB08779 |
| FULL TITLE : AN ACT FURTHER AMENDING ARTICLE 39, TITLE III OF EXECUTIVE ORDER NO. 226, OTHERWISE KNOWN AS THE OMNIBUS INVESTMENTS CODE OF 1987, AS AMENDED, AND FOR OTHER PURPOSES(RE: INCENTIVES TO REGISTERD ENTERPRISES RELATING TO INCOME TAX HOLIDAY; NOLCO;IMPORTED CAPITAL EQUIPMENT |
| ABSTRACT : This bill grants additional incentives granted under the Omnibus Investment Act of 1987, such as: (1) extension of the tax holiday granted to pioneer firms; (2) carrying over of the net operating loss; (3) tax and duty exemption on imported capitalequipment, breeding stocks and genetic materials, etc. |
| PRINCIPAL AUTHOR/S : SUAREZ, DANILO E. |
| DATE FILED : 1999-11-16 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? Yes |
| ACTIONS TAKEN BY THE COMMITTEE |
| MOTHER BILL: HB10596 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1999-11-22 |
Abstract
This bill grants additional incentives granted under the Omnibus Investment Act of 1987, such as: (1) extension of the tax holiday granted to pioneer firms; (2) carrying over of the net operating loss; (3) tax and duty exemption on imported capitalequipment, breeding stocks and genetic materials, etc.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.