Bill Type
Congress Name
Long Title
AN ACT GRANTING TAX RELIEF FOR INDIVIDUAL TAXPAYERS AMENDING FOR THE PURPOSE SECTIONS 34, 35 AND 79 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Third Reading Copy link (HRep)
Date filed
April 28, 2008
Scope
Urgent Bill
Yes
All Information (Senate Website)
Legislative History (Senate Website)
Committee Report Senate Link
Committee Referral (Senate Website)
Legislative History
| House Bill/Resolution NO. HB03971 | |
| REPUBLIC ACT NO. RA09504 | |
| FULL TITLE : AN ACT GRANTING TAX RELIEF FOR INDIVIDUAL TAXPAYERS AMENDING FOR THE PURPOSE SECTIONS 34, 35 AND 79 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED | |
| SHORT TITLE : Granting Tax Relief for Individual Taxpayers | |
| 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 P50,000; and c) married individual - from P32,000 to P50,000. It also increase the additional exemption for dependents from P8,000 to P25,000 for each dependent not exceeding four. | |
| PRINCIPAL AUTHOR/S : BIAZON, ROZZANO RUFINO B. | |
| DATE FILED : 2008-04-28 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Angara | 2. Syjuco |
| 3. Lim (R.) | 4. Hontiveros |
| 5. Villafuerte | 6. Romualdez |
| 7. Arroyo (D.) | 8. Del Rosario |
| 9. Bichara | 10. Romulo |
| 11. Singson (E.) | 12. Arroyo (I.) |
| 13. Rodriguez | 14. Teodoro |
| 15. Casiño | 16. Ocampo |
| 17. Beltran | 18. Maza |
| 19. Ilagan | 20. Javier |
| 21. Alvarez (A.) | 22. Tieng |
| 23. Velarde | 24. Coscolluela |
| 25. Del Mar | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Gunigundo (078 ) | 2. Gullas (078 ) |
| 3. Villar (087 ) | |
| AUTHORS(Final/Third Reading) : | |
| 1. Biazon | 2. Angara |
| 3. Syjuco | 4. Lim (R.) |
| 5. Villafuerte | 6. Romualdez |
| 7. Arroyo (D.) | 8. Del Rosario |
| 9. Bichara | 10. Romulo |
| 11. Singson (E.) | 12. Arroyo (I.) |
| 13. Rodriguez | 14. Teodoro |
| 15. Casiño | 16. Ocampo |
| 17. Beltran | 18. Maza |
| 19. Ilagan | 20. Javier |
| 21. Alvarez (A.) | 22. Tieng |
| 23. Velarde | 24. Coscolluela |
| 25. Del Mar | 26. Susano |
| 27. Almario | 28. Pablo |
| 29. Cua (G.) | 30. Abante |
| 31. Codilla | 32. Chatto |
| 33. Chipeco | 34. Lazatin |
| 35. Hataman | 36. Roxas |
| AUTHORSHIP WITHDRAWALS: | |
| Hontiveros(2008-05-12) | |
| () | |
| DATE CERTIFIED AS URGENT:2008-05-07 | |
| URGENT BILL? Yes | |
| DATE CERTIFIED AS URGENT:2008-05-07 | |
| COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB02293 | |
| URGENT SENATE BILL? Yes | |
| DATE CERTIFIED AS URGENT HOUSE BILL: 2008-05-21 | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Committee Report filed on 2008-04-28 | |
| COMMITTEE REPORT NO. 00451 | |
| SUBMITTED ON 2008-04-28 | |
| SUBMITTED BY: WAYS AND MEANS | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: HB00062, HB00107, HB00633, HB00712, HB00958, HB01140, HB01141, HB01198, HB01248, HB01620, HB01807, HB01809, HB02635, HB02968, HB03133, HB03462, HB03471, HB03705, HB03718, HB03884 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2008-04-29 | |
| DATE INCLUDED IN OB: 2008-04-29 | |
| DATE CALENDARED : 2008-04-30 | |
| SECOND READING INFORMATION | |
| PERIOD OF SPONSORSHIP : 2008-04-30 | |
| SPONSORED BY : Javier;Del Mar | |
| PERIOD OF INTERPELLATIONS : 2008-04-30, 2008-05-05, 2008-05-06 | |
| INTERPELLATED BY : Hontiveros, Mandanas, Romualdo, Casiño | |
| PERIOD OF INDIVIDUAL AMENDMENTS : 2008-05-12 | |
| AMENDED BY : Lagman | |
| FINAL LIST OF AUTHORS : Biazon, Angara, Syjuco, Lim (R.), Villafuerte, Romualdez, Arroyo (D.), Del Rosario, Bichara, Romulo, Singson (E.), Arroyo (I.), Rodriguez, Teodoro, Casiño, Ocampo, Beltran, Maza, Ilagan, Javier, Alvarez (A.), Tieng, Velarde, Coscolluela, Del Mar, Susano, Almario, Pablo, Cua (G.), Abante, Codilla, Chatto, Chipeco, Lazatin, Hataman, Roxas | |
| DATE APPROVED ON SECOND READING : 2008-05-12 | |
| REMARKS : On May 06, 2008, on motion of Rep. Javier, all the Ctte. amendments incorporated in the measure subject to the individual amendments by the Members of the House were approved by the Body. | |
| THIRD READING INFORMATION | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2008-05-12 | |
| HOUSE VOTES: YEAS:192 NAYS:3 ABSTAIN:.0 | |
| DATE TRANSMITTED TO THE SENATE: 2008-05-13 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2008-05-13 | |
| DATE HOUSE ADOPTED SENATE BILL AS AN AMENDMENT TO HOUSE BILL: 2008-05-28 | |
| REMARKS : On May 28, 2008, House adopted SB02293 in substitution to HB03971. | |
| ACTIONS TAKEN BY THE PRESIDENT | |
| DATE TRANSMITTED TO THE PRESIDENT : 2008-06-11 | |
| DATE ACTED UPON BY THE PRESIDENT : 2008-06-17 | |
| PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : A | |
| REPUBLIC ACT NO.: RA09504 | |
| ORIGIN : HOUSE | |
| REPUBLIC ACT TITLE: AN ACT AMENDING SECTIONS 22, 24, 34, 35, 51, AND 79 OF REPUBLIC ACT NO. 8424, AS AMENDED, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997 |
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 P50,000; and c) married individual - from P32,000 to P50,000. It also increase the additional exemption for dependents from P8,000 to P25,000 for each dependent not exceeding four.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.