Bill Type
Congress Name
Long Title
AN ACT TO PROMOTE AND HASTEN THE DEVELOPMENT OF MICROFINANCE NGOs IN THE PHILIPPINES
Date filed
February 6, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB03516 |
| FULL TITLE : AN ACT TO PROMOTE AND HASTEN THE DEVELOPMENT OF MICROFINANCE NGOs IN THE PHILIPPINES |
| SHORT TITLE : "Microfinance NGOs Development Act of 2007" |
| ABSTRACT : The bill grants non-stock, nonprofit BIR accredited non-government organizations or foundations engaged in the provision of microfinance services the following benefits: a) donee institution status; and b) exemption from liability for past due and unremitted taxes. |
| PRINCIPAL AUTHOR/S : TEODORO, MARCELINO R. |
| DATE FILED : 2008-02-06 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Puentevella (062 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2008-02-18 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON BANKS AND FINANCIAL INTERMEDIARIES |
Abstract
The bill grants non-stock, nonprofit BIR accredited non-government organizations or foundations engaged in the provision of microfinance services the following benefits: a) donee institution status; and b) exemption from liability for past due and unremitted taxes.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.