Bill Type
Long Title
AN ACT REDUCING THE INCOME TAX RATES OF INDIVIDUAL TAXPAYERS, AMENDING FOR THE PURPOSE CHAPTER III, SECTION 24 (A)(1)(c) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Date filed
August 14, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB12005 | |
| FULL TITLE : AN ACT REDUCING THE INCOME TAX RATES OF INDIVIDUAL TAXPAYERS, AMENDING FOR THE PURPOSE CHAPTER III, SECTION 24 (A)(1)(c) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED | |
| ABSTRACT : Rationale: What this proposal intends to do is to jumpstart demand in the economy by empowering the consumer with more purchasing power. This can be done by INCREASING their take home pay through lower tax rates and hence, lower deductions from their income. | |
| PRINCIPAL AUTHOR/S : ENRILE, JACK | |
| DATE FILED : 2000-08-14 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| 3. | 4. |
| 5. | |
| 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 2000-08-21 |
Abstract
Rationale: What this proposal intends to do is to jumpstart demand in the economy by empowering the consumer with more purchasing power. This can be done by INCREASING their take home pay through lower tax rates and hence, lower deductions from their income.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.