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Bangsamoro bill to go to House plenary

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Bangsamoro bill to go to House plenary

Congress will soon debate the merits of a proposed Bangsamoro Basic Law (BBL) in plenary session after a joint Lower House committee approved the bill on Tuesday, May 26. The committee on ways and means, and committee on appropriations conducted back-to-back hearings on Tueday as lawmakers raced to beat the deadline to pass the bill before Congress adjourns session on June 11. Approved provisions include the devolution of capital gains taxes on real properties, estate tax, donors tax and documentary stamp tax. The proposed bill also increases the share of revenue from income taxes and mineral resources from 70% to 75%. 

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