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BusinessWorld
May 25, 2021 | 8:38 pm
PHILSTAR
THE proposed extension for availing of the estate tax amnesty will head to Malacañang directly without the need to go through the bicameral conference committee stage after the House of Representatives moved to adopt the Senate’s version of the measure.
Late Monday, House legislators approved a motion to concur with the Senate’s version of the measure, adopting Senate Bill (SB) 2208. The bill’s House counterpart is House Bill (HB) 7068, which proposes to extend the estate tax amnesty by another two years.
“We have been informed that the Committee on Ways and Means, sponsor of House Bill No. 7068, as well as the authors thereof, are in concurrence with the provisions of Senate Bill No. 2208. In accordance with our rules, I move to adopt Senate Bill No. 2208 as an amendment to House Bill No. 7068,” Iloilo City Rep. Lorenz R. Defensor said at the plenary session Monday.