Bill Type
Congress Name
Long Title
AN ACT GRANTING TAX BENEFITS TO PRIVATE INDIVIDUALS, CORPORATIONS, PARTNERSHIPS OR INSTRUMENTALITIES, DONATING TO A SCHOLARSHIP FOUNDATION, AMENDING FOR THE PURPOSE THE TAX REFORM ACT OF 1997
Text as filed (link)
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00013 | |
| FULL TITLE : AN ACT GRANTING TAX BENEFITS TO PRIVATE INDIVIDUALS, CORPORATIONS, PARTNERSHIPS OR INSTRUMENTALITIES, DONATING TO A SCHOLARSHIP FOUNDATION, AMENDING FOR THE PURPOSE THE TAX REFORM ACT OF 1997 | |
| ABSTRACT : As an incentive to donors to scholarship foundations, this bill seeks to exempt any individual, corporation, partnership or instrumentality donating to a scholarship foundation from paying donor's tax. It provides that the total amount of the donations shall be deducted from the personal or corporate tax imposed on the donor. | |
| PRINCIPAL AUTHOR/S : LAGMAN, EDCELC. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Codilla (004 ) | 2. Dy (005 ) |
| 3. Amin (006 ) | 4. Roquero (006 ) |
| 5. Jalosjos-carreon (007 ) | 6. Magtubo (010 ) |
| 7. Jaraula (015 ) | 8. Tulagan (015 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-07-27 |
Abstract
As an incentive to donors to scholarship foundations, this bill seeks to exempt any individual, corporation, partnership or instrumentality donating to a scholarship foundation from paying donor's tax. It provides that the total amount of the donations shall be deducted from the personal or corporate tax imposed on the donor.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.