Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 4(C) OF REPUBLIC ACT NO. 7432 OTHERWISE KNOWN AS `THE SENIOR CITIZENS LAW'(EXEMPTION FROM TAX OF BANK DEPOSIT'S INTEREST)
Date filed
January 28, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB09108 | |
| FULL TITLE : AN ACT AMENDING SECTION 4(C) OF REPUBLIC ACT NO. 7432 OTHERWISE KNOWN AS `THE SENIOR CITIZENS LAW'(EXEMPTION FROM TAX OF BANK DEPOSIT'S INTEREST) | |
| ABSTRACT : This bill proposes to include as one of the privileges of SENIOR CITIZENS the EXEMPTION from payment of a 20% withholding tax on the interest earned from their bank deposits or similar transactions. | |
| PRINCIPAL AUTHOR/S : VILLAROSA, MA. AMELITA C. | |
| DATE FILED : 2000-01-28 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| 3. | 4. |
| 5. | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON POPULATION AND FAMILY RELATIONS ON 2000-02-07 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON WAYS AND MEANS |
Abstract
This bill proposes to include as one of the privileges of SENIOR CITIZENS the EXEMPTION from payment of a 20% withholding tax on the interest earned from their bank deposits or similar transactions.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.