AN ACT PROVIDING FOR PEOPLE'S DIRECT PARTICIPATION IN FUNDING CHARITABLE INSTITUTIONS AND OTHER DEVELOPMENT-ORIENTED INITIATIVES THROUGH A PERCENTAGE OF THEIR PERSONAL INCOME TAX

AN ACT PROVIDING PEOPLE'S DIRECT PARTICIPATION IN FUNDING CHARITABLE INSTITUTIONS AND OTHER DEVELOPMENT-ORIENTED INITIATIVES THROUGH A PERCENTAGE OF THEIR PERSONAL INCOME TAX

AN ACT CREATING A 'PEOPLE'S FUND', EARMARKING ALL PROCEEDS FROM THE VALUE-ADDED TAX TO THE SAID FUND, FOR THE EXCLUSIVE ALLOCATION TO THE EDUCATION AND HEALTH NEEDS OF OUR PEOPLE, AMENDING FOR THIS PURPOSE THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED