Bill Type
Congress Name
Long Title
AN ACT PRESCRIBING A FIXED TAX RATE OF FOUR PERCENT (4%) ON ALL BUSINESSES, AMENDING FOR THE PURPOSE CERTAIN SECTIONS OF THE LOCAL GOVERNMENT CODE OF 1991
Date filed
March 7, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB09848 |
| FULL TITLE : AN ACT PRESCRIBING A FIXED TAX RATE OF FOUR PERCENT (4%) ON ALL BUSINESSES, AMENDING FOR THE PURPOSE CERTAIN SECTIONS OF THE LOCAL GOVERNMENT CODE OF 1991 |
| ABSTRACT : Rationale: Prescribing a fixed tax rate on business would hopefully strengthen the government's system of taxation. Tax on business would be simplified because of the uniformity of the fixed tax rate of four percent (4%) of the gross sales or receipts of the preceding calendar year. |
| PRINCIPAL AUTHOR/S : MONFORT, NARCISO D. |
| DATE FILED : 2000-03-07 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2000-03-13 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON WAYS AND MEANS |
Abstract
Rationale: Prescribing a fixed tax rate on business would hopefully strengthen the government's system of taxation. Tax on business would be simplified because of the uniformity of the fixed tax rate of four percent (4%) of the gross sales or receipts of the preceding calendar year.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.