AN ACT GRANTING A DOUBLE DEDUCTION FOR TUITION FEE EXPENSES INCURRED BY PUBLIC SCHOOL TEACHERS ENROLLED IN GRADUATE SCHOOL AMENDING FOR THIS PURPOSE SECTION 29, PARAGRAPH (A) OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED SIXTY SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE, AND FOR OTHER PURPOSES

AN ACT ADOPTING THE SIMPLIFIED NET INCOME TAXATION SCHEME FOR AN INDIVIDUAL ENGAGED IN TRADE/BUSINESS AND/OR PRACTICE OF PROFESSION, CREATING A NEW SECTION SEC. 34-A, REPEALING SUBSECTION (L) OF SECTION 34, AND AMENDING SECTIONS 22 AND 24, ALL UNDER THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED