Bill Type
Long Title
AN ACT AMENDING SECTION SIXTY-FIVE OF REPUBLIC ACT NO. SIXTY-SIX FIFTY-SEVEN, OTHERWISE KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW, IMPOSING A FIFTY PERCENT TAX ON THE CONVERSION OF AGRICULTURAL LANDS INTO INDUSTRIAL , COMMERCIAL, RESIDENTIAL ORTO OTHER NONAGRICULTURAL USES OR PURPOSES
Date filed
July 28, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB01374 |
| FULL TITLE : AN ACT AMENDING SECTION SIXTY-FIVE OF REPUBLIC ACT NO. SIXTY-SIX FIFTY-SEVEN, OTHERWISE KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW, IMPOSING A FIFTY PERCENT TAX ON THE CONVERSION OF AGRICULTURAL LANDS INTO INDUSTRIAL , COMMERCIAL, RESIDENTIAL ORTO OTHER NONAGRICULTURAL USES OR PURPOSES |
| ABSTRACT : Is intended to discourage the rash conversion of agricultural land to nonagricultural purposes in order to circumvent the Comprehensive Agrarian Reform Law. Aims, likewise, to provide a more equitable distribution of income among the farmers. |
| PRINCIPAL AUTHOR/S : SARMIENTO, ANGELITO M. |
| DATE FILED : 1998-07-28 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1998-08-03 |
Abstract
Is intended to discourage the rash conversion of agricultural land to nonagricultural purposes in order to circumvent the Comprehensive Agrarian Reform Law. Aims, likewise, to provide a more equitable distribution of income among the farmers.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.