Bill Type
Long Title
AN ACT INSTITUTING A SYSTEM FOR TAX INCENTIVES MANAGEMENT AND TRANSPARENCY, AND FOR OTHER PURPOSES
Short Title
TAX INCENTIVES MANAGEMENT AND TRANSPARENCY ACT (TIMTA)
Sponsor
Date filed
February 25, 2015
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
59
Session Type
Subjects
Document Certification

Committee Details

Primary Committee
Committee Report No.
104

Floor Activity

Floor Activity
Date Parliamentary status Senator(s)
3/3/2015 Sponsorship Speech Angara, Juan Edgardo "Sonny" M.
3/3/2015 Co-Sponsorship Speech Recto, Ralph G.
3/4/2015 Interpellation Sotto III, Vicente C.Drilon, Franklin M.Recto, Ralph G.
5/25/2015 Period of Committee Amendments
5/25/2015 Period of Interpellation Closed
6/2/2015 Period of Individual Amendments Closed
10/7/2015 Sponsorship Speech on the Conference Committee Report Angara, Juan Edgardo "Sonny" M.

Legislative History

Entitled:
AN ACT INSTITUTING A SYSTEM FOR TAX INCENTIVES MANAGEMENT AND TRANSPARENCY, AND FOR OTHER PURPOSES
[ SECOND REGULAR SESSION, 16TH CONGRESS ]
[ 2015 ]
2/25/2015 Prepared and submitted by the Committee on WAYS AND MEANS with Senator(s) FRANKLIN M. DRILON, RALPH G. RECTO and JUAN EDGARDO "SONNY" M. ANGARA as author(s) per Committee Report No. 104, recommending its approval in substitution of SBNos. 469 and 1187;
3/2/2015 Committee Report Calendared for Ordinary Business;
3/2/2015 Sponsors: Senator(s) JUAN EDGARDO "SONNY" M. ANGARA, FRANKLIN M. DRILON and RALPH G. RECTO;
3/3/2015 Transferred from the Calendar for Ordinary Business to the Calendar for Special Order;
3/3/2015 Sponsorship speech of Senator JUAN EDGARDO "SONNY" M. ANGARA;
3/3/2015 Co-sponsorship speech of Senator RALPH G. RECTO;
3/4/2015 Interpellation of Senator VICENTE C. SOTTO III, FRANKLIN M. DRILON and RALPH G. RECTO;
5/25/2015 Period of interpellation closed;
5/25/2015 Period of committee amendments;
5/25/2015 Period of committee amendments closed;
5/25/2015 Manifestation of Senator Sotto III that a copy of the lengthy amendments be furnished the Members;
5/26/2015 Printed copies with approved committee amendments as of May 25, 2015, distributed to the Senators;
6/2/2015 Period of individual amendments closed;
6/2/2015 Approved on Second Reading with Amendments;
6/3/2015 Printed copies were distributed to the Senators;
6/8/2015 Approved on Third Reading;
6/8/2015 In favor: (14) JUAN EDGARDO "SONNY" M. ANGARA, MARIA LOURDES NANCY S. BINAY, FRANKLIN M. DRILON, JOSEPH VICTOR G. EJERCITO, FRANCIS "CHIZ" G. ESCUDERO, GREGORIO B. HONASAN II, LOREN B. LEGARDA, FERDINAND "BONGBONG" R. MARCOS, SERGIO R. OSMENA III, AQUILINO KOKO III L. PIMENTEL, GRACE L. POE, RALPH G. RECTO, VICENTE C. SOTTO III and CYNTHIA A. VILLAR;
6/8/2015 Against: N o n e ;
6/8/2015 Abstention: N o n e ;
6/10/2015 Sent to the House of Representatives requesting for concurrence;
[ THIRD REGULAR SESSION ]
7/30/2015 Senate informed the House of Representatives that on July 28, 2015, Senators Angara, Recto, Villar, Aquino IV and JV Ejercito were designated as its conferees on the disagreeing provisions of SBN-2669 and HBN-5831;
8/17/2015 House of Representatives designated Representatives Quimbo, Garin, Gerona-Robredo, Cua, Noel and Bello III as its conferees on the disagreeing provisions of SBN-2669 and HBN-5831 on August 10, 2015;
10/7/2015 Conference Committee Report on the disagreeing provisions of SBN-2669 and HBN-5831, submitted to the Senate, recommending that HBN-5831, in consolidation with SBN-2669, be approved as reconciled;
10/7/2015 Sponsorship speech on the conference committee report of Senator JUAN EDGARDO "SONNY" M. ANGARA;
10/7/2015 Conference Committee Report Approved by the Senate;
11/3/2015 Conference Committee Report approved by the House of Representatives on October 7, 2015;
11/4/2015 Enrolled copies of the consolidated version of HBN-5831 and SBN-2669, received by the Senate for the signature of Senate Secretary Yabes and Senate President Drilon on October 22, 2015;
11/5/2015 Enrolled copies of the consolidated version of HBN-5831 and SBN-2669, sent back to the House of Representatives which were signed by Senate Secretary Yabes and Senate President Drilon;
FINAL TITLE: AN ACT ENHANCING TRANSPARENCY IN THE MANAGEMENT AND ACCOUNTING OF TAX INCENTIVES ADMINISTERED BY INVESTMENT PROMOTION AGENCIES
12/16/2015 Consolidated with HBN-5831, which was Approved and Signed into Law by the President of the Philippines, His Excellency, President Benigno S. Aquino III on December 9, 2015 and became
12/16/2015 REPUBLIC ACT NO. 10708.
(Pursuant to paragraph g, Sec. 7, Rule V of the Rules of the Senate, R.A.No. 10708 (HBN-5831/SBN-2669) with pertinent documents transmitted to the Legislative Records and Archives Service for safekeeping and preservation on March 15, 2016)
(Prepared by the INDEXING, MONITORING AND LIS SECTION, LEGISLATIVE BILLS AND INDEX SERVICE)

President's Action

Consolidated with Approved Bill
Date Received by the President
Date Signed by the President