Bill Type
Long Title
AN ACT INCREASING THE ALLOWABLE PERSONAL AND ADDITIONAL EXEMPTIONS OF INDIVIDUAL TAXPAYERS, AMENDING FOR THE PURPOSE SECTION 35 (A) AND 35 (B) OF REPUBLIC ACT 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997
Date filed
July 10, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB11825 | |
| FULL TITLE : AN ACT INCREASING THE ALLOWABLE PERSONAL AND ADDITIONAL EXEMPTIONS OF INDIVIDUAL TAXPAYERS, AMENDING FOR THE PURPOSE SECTION 35 (A) AND 35 (B) OF REPUBLIC ACT 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997 | |
| ABSTRACT : This bill proposes allowable personnel and additional exemptions for individual taxpayers as follows: (1) For single individuals or married individuals judicially decreed as legally separated with no dependents [P20,000.00] P48,000.00; (2) For headof the family [P25,000.00] P54,000.00; (3) For each married individual [P32,000.00] P64,000.00. There shall be allowed an additional exemption of [Eight Thousand Pesos (P8,000.00)] SIXTEEN THOUSAND PESOS (P16,000.00) for each dependent not exceedingfour (4). | |
| PRINCIPAL AUTHOR/S : ENRILE, JACK | |
| DATE FILED : 2000-07-10 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| 3. | 4. |
| 5. | 6. |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: HB12423 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2000-07-25 |
Abstract
This bill proposes allowable personnel and additional exemptions for individual taxpayers as follows: (1) For single individuals or married individuals judicially decreed as legally separated with no dependents [P20,000.00] P48,000.00; (2) For headof the family [P25,000.00] P54,000.00; (3) For each married individual [P32,000.00] P64,000.00. There shall be allowed an additional exemption of [Eight Thousand Pesos (P8,000.00)] SIXTEEN THOUSAND PESOS (P16,000.00) for each dependent not exceedingfour (4).
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.