Bill Type
Congress Name
Long Title
AN ACT EXEMPTING FROM INCOME TAXATION CERTAIN RENTALS ON RESIDENTIAL/APARTMENT OR OTHER DWELLING UNITS, ALLOWING THEM TO BE DEDUCTIBLE FROM TAXABLE FIXED INCOME OF THE TENANTS OR INDIVIDUALS WHO PAY SAID RENTALS
Date filed
July 27, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01766 |
| FULL TITLE : AN ACT EXEMPTING FROM INCOME TAXATION CERTAIN RENTALS ON RESIDENTIAL/APARTMENT OR OTHER DWELLING UNITS, ALLOWING THEM TO BE DEDUCTIBLE FROM TAXABLE FIXED INCOME OF THE TENANTS OR INDIVIDUALS WHO PAY SAID RENTALS |
| SHORT TITLE : Rental Tax Exemption Law |
| ABSTRACT : "Rental Tax Exemption Law." The bill provides that rentals or leases below P5,000 per month for residents in Metro Manila and P2,500 per month for residents outside Metro Manila shall be exempt from taxes and shall be deductible from taxable fixed income. |
| PRINCIPAL AUTHOR/S : PICHAY, PROSPERO JR. A. |
| DATE FILED : 2004-07-27 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Espino (068 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-08-04 |
Abstract
"Rental Tax Exemption Law." The bill provides that rentals or leases below P5,000 per month for residents in Metro Manila and P2,500 per month for residents outside Metro Manila shall be exempt from taxes and shall be deductible from taxable fixed income.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.