Bill Type
Congress Name
Long Title
AN ACT IMPOSING A LAND CONVERSION TAX, AMENDING FOR THE PURPOSE THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED
Date filed
July 27, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01756 |
| FULL TITLE : AN ACT IMPOSING A LAND CONVERSION TAX, AMENDING FOR THE PURPOSE THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED |
| ABSTRACT : The bill provides for the imposition of a 15% land conversion tax on all agricultural lands converted for residential purposes and a 30% tax on all agricultural lands converted for commercial, industrial and other non-agricultural purposes. |
| PRINCIPAL AUTHOR/S : PICHAY, PROSPERO JR. A. |
| DATE FILED : 2004-07-27 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-08-04 |
Abstract
The bill provides for the imposition of a 15% land conversion tax on all agricultural lands converted for residential purposes and a 30% tax on all agricultural lands converted for commercial, industrial and other non-agricultural purposes.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.