Bill Type
Congress Name
Long Title
AN ACT ESTABLISHING THE MAGNA CARTA FOR COUNTRYSIDE AND BARANGAY BUSINESS ENTERPRISES (CBBEs), GRANTING EXEMPTIONS FROM ANY AND ALL GOVERNMENT RULES AND REGULATIONS AND PROVIDING INCENTIVES AND BENEFITS THEREFOR, AND FOR OTHER PURPOSES
Date filed
July 6, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 751, 12th Congress of the Republic | |
| FULL TITLE : AN ACT ESTABLISHING THE MAGNA CARTA FOR COUNTRYSIDE AND BARANGAY BUSINESS ENTERPRISES (CBBEs), GRANTING EXEMPTIONS FROM ANY AND ALL GOVERNMENT RULES AND REGULATIONS AND PROVIDING INCENTIVES AND BENEFITS THEREFOR, AND FOR OTHER PURPOSES | |
| ABSTRACT : Rationale: Countryside and barangay business enteprises (CBBEs) are those engaged in the production, processing or manufacturing of products with a capitalization of not more than P50,000.00. > to encourage its formation and growth in the countryside, the government should grant non-tax incentives to CBBEs such as access to credit capitalization, technical training support and marketing assistance. This would generate more employment opportunities, help increase the income of the rural people,promote the market for indigenous products. | |
| PRINCIPAL AUTHOR/S : VILLAR, CYNTHIA A. | |
| DATE FILED : 2001-07-06 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Del Mar (007 ) | 2. Lapus (013 ) |
| 3. Zialcita (022 ) | 4. Echiverri (022 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: House Bill No. 4871, 12th Congress of the Republic | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON ECONOMIC AFFAIRS ON 2001-07-24 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON WAYS AND MEANS |
Abstract
Rationale: Countryside and barangay business enteprises (CBBEs) are those engaged in the production, processing or manufacturing of products with a capitalization of not more than P50,000.00. > to encourage its formation and growth in the countryside, the government should grant non-tax incentives to CBBEs such as access to credit capitalization, technical training support and marketing assistance. This would generate more employment opportunities, help increase the income of the rural people,promote the market for indigenous products.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.