SENATE BILL

MAY
02
2017

SBN-1420: Exempting the Sale of Real Property Taxes from Capital Gains and Documentary Stamp Taxes

An Act Exempting the Sale of Real Property in the Exercise of the State’s Power of Eminent Domain from the Payment of Capital Gains and Documentary Stamp Taxes, Amending for the Purpose Sections 24 (D) and 196 of Republic Act No. 8424, As Amended, Otherwise Known as the ‘National Internal Revenue Code of 1997’

  • This bill prioritizes efficiency and ease of the acquisition of properties by exempting the sale of real property in the exercise of the State’s power of eminent domain from the payment of capital gains and documentary stamp taxes.

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