Bill Type
Congress Name
Long Title
AN ACT INCREASING THE ALLOWABLE PERSONAL EXEMPTION FOR THE HEAD OF THE FAMILY/MARRIED INDIVIDUAL AS TAX PAYER AND FOR THE DEPENDENT, AMENDING FOR THE PURPOSE SECTION 35 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES
Date filed
April 21, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB03838 |
| FULL TITLE : AN ACT INCREASING THE ALLOWABLE PERSONAL EXEMPTION FOR THE HEAD OF THE FAMILY/MARRIED INDIVIDUAL AS TAX PAYER AND FOR THE DEPENDENT, AMENDING FOR THE PURPOSE SECTION 35 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES |
| SHORT TITLE : "The Amplified Allowable Personal Tax Exemption Act of 2008" |
| ABSTRACT : The bill proposes to increase the personal exemption of individual taxpayers as follows: a) single - from P20,000 to P50,000; b) head of the family - from P25,000 to P70,000; and c) married individual - from P32,000 to P70,000. It also increase the additional exemption for dependents from P8,000 to P20,000 for each dependent not exceeding four. |
| PRINCIPAL AUTHOR/S : GUNIGUNDO, MAGTANGGOL T. |
| DATE FILED : 2008-04-21 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Codilla (076 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2008-04-28 |
Abstract
The bill proposes to increase the personal exemption of individual taxpayers as follows: a) single - from P20,000 to P50,000; b) head of the family - from P25,000 to P70,000; and c) married individual - from P32,000 to P70,000. It also increase the additional exemption for dependents from P8,000 to P20,000 for each dependent not exceeding four.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.