Bill Type
Congress Name
Long Title
AN ACT INCREASING THE CEILING OF THE 13TH MONTH PAY, CHRISTMAS BONUS AND OTHER BENEFITS EXCLUDED FROM THE COMPUTATION OF GROSS INCOME FOR THE PURPOSES OF INCOME TAXATION, AMENDING FOR THE PURPOSE SECTION 32 (B), CHAPTER VI OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Short Title
PHP75,000.00 CAP FOR INCOME TAX EXEMPTION OF THE 13TH MONTH PAY/CHRISTMAS BONUS
Text as filed (link)
Date filed
January 7, 2013
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
6
Session Type
All Information (Senate Website)
Legislative History (Senate Website)
Committee Report Senate Link
Committee Referral (Senate Website)
Committee Details
Primary Committee
Committee Report No.
84
Legislative History
Entitled: AN ACT INCREASING THE CEILING OF THE 13TH MONTH PAY, CHRISTMAS BONUS AND OTHER BENEFITS EXCLUDED FROM THE COMPUTATION OF GROSS INCOME FOR THE PURPOSES OF INCOME TAXATION, AMENDING FOR THE PURPOSE SECTION 32 (B), CHAPTER VI OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED [ FIRST REGULAR SESSION, 16TH CONGRESS ] [ 2013 ] 7/1/2013 Introduced by Senator RALPH G. RECTO; 7/31/2013 Read on First Reading and Referred to the Committee on WAYS AND MEANS; 12/17/2013 Conducted COMMITTEE MEETINGS/HEARINGS; [ SECOND REGULAR SESSION ] [ 2014 ] 10/22/2014 Returned and submitted by the Committee on WAYS AND MEANS per Committee Report No. 84, recommending that it be substituted by SBN-2437; 10/22/2014 Letter of Senator CYNTHIA A. VILLAR dated October 9, 2014, requesting that she be made coauthor of SBN-256 which was substituted by SBN-2437 per Committee Report No. 84, received by the LBIS; 10/22/2014 Committee Report Calendared for Ordinary Business; 10/28/2014 Letter of Senator LOREN B. LEGARDA dated September 29, 2014, requesting that she be made coauthor of SBN-256 which was substituted by SBN-2437 per Committee Report No. 84, received by the LBIS; [ 2015 ] 2/17/2015 SUBSTITUTED BY SBN-2437 UNDER C.R.NO. 84, WHICH BECAME R.A.NO. 10653 ON FEBRUARY 12, 2015. (Prepared by the Indexing, Monitoring and LIS Section, Legislative Bills and Index Service)