Bill Type
Congress Name
Long Title
AN ACT EXPANDING THE MEANING OF CIVIC LEAGUES OR ORGANIZATIONS NOT ORGANIZED FOR PROFIT AS TAX-EXEMPT CORPORATIONS, AMENDING FOR THE PURPOSE SECTION 30, SUBSECTION (G) OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997
Date filed
November 29, 1999
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB08822 | |
| FULL TITLE : AN ACT EXPANDING THE MEANING OF CIVIC LEAGUES OR ORGANIZATIONS NOT ORGANIZED FOR PROFIT AS TAX-EXEMPT CORPORATIONS, AMENDING FOR THE PURPOSE SECTION 30, SUBSECTION (G) OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997 | |
| ABSTRACT : SEC. 1. Section 30, Subsection (G) of Republic Act No. 8424, otherwise known as the TAx REform Act of 1997, is hereby ameded as follows: "SEC. 30. EXEMPTIONS FROM TAX ON CROPORATIONS - THE FOLLOWING ORGANIZATIONS SHALL NOT BE TAXED UNDER THIS TITLEIN RESPECT TO INCOME RECEIVED BY THEM AS SUCH : > x x x > (G) CIVIC LEAGUE OR ORGANIZATION, NOT FOR PROFIT BUT OEPRATED EXCLUSIVELY FOR THE PROMOTION OF FAMILY STRENGTH AND SOLIDARITY, CHARACTER-BUILD ING AND CHILD AND YOUTH FORMATION, OR SOCIAL WELFARE." | |
| PRINCIPAL AUTHOR/S : LIBAN, DANTE V. | |
| DATE FILED : 1999-11-29 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1999-12-06 |
Abstract
SEC. 1. Section 30, Subsection (G) of Republic Act No. 8424, otherwise known as the TAx REform Act of 1997, is hereby ameded as follows: "SEC. 30. EXEMPTIONS FROM TAX ON CROPORATIONS - THE FOLLOWING ORGANIZATIONS SHALL NOT BE TAXED UNDER THIS TITLEIN RESPECT TO INCOME RECEIVED BY THEM AS SUCH : > x x x > (G) CIVIC LEAGUE OR ORGANIZATION, NOT FOR PROFIT BUT OEPRATED EXCLUSIVELY FOR THE PROMOTION OF FAMILY STRENGTH AND SOLIDARITY, CHARACTER-BUILD ING AND CHILD AND YOUTH FORMATION, OR SOCIAL WELFARE."
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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.