Bill Type
Congress Name
Long Title
AN ACT GRANTING A TAX AMNESTY ON UNTAXED INCOME AND/OR WEALTH EARNED OR ACQUIRED PRIOR TO DECEMBER 31, 1997 AND REQUIRING THE FILING OF THE STATEMENT OF ASSETS, LIABILITIES AND NET WORTH AS OF DECEMBER 31, 1997
Date filed
August 11, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB02026 | |
| FULL TITLE : AN ACT GRANTING A TAX AMNESTY ON UNTAXED INCOME AND/OR WEALTH EARNED OR ACQUIRED PRIOR TO DECEMBER 31, 1997 AND REQUIRING THE FILING OF THE STATEMENT OF ASSETS, LIABILITIES AND NET WORTH AS OF DECEMBER 31, 1997 | |
| ABSTRACT : The author explains that penalizing errat taxpayers involves a tedious procedure and which will not attain the desured objective of creating more revenues. It is mor practicial to allow them to give a true disclosure of their untaxed income and alsogrant them immunity by doing so. | |
| PRINCIPAL AUTHOR/S : CAGAS, DOUGLAS RA. | |
| DATE FILED : 1998-08-11 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| 3. | 4. |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: HB05346 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1998-08-18 |
Abstract
The author explains that penalizing errat taxpayers involves a tedious procedure and which will not attain the desured objective of creating more revenues. It is mor practicial to allow them to give a true disclosure of their untaxed income and alsogrant them immunity by doing so.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.