SENATE BILL

JUL
21
2016

SBN-843: Equal Income Sharing Act of 2016

An Act Strengthening Local Government Units By Increasing To Fifty Percent (50%) The Annual Internal Revenue Allotment Share Of Local Government Units And For Other Purposes

  • This bill seeks to promote good governance by local governments units (LGUs) by increasing LGU share in the internal revenue allotment (IRA) from forty percent (40%) to fifty percent (50%).
  • Due to the significance of barangays as a basic political unit, it is but just to promote their welfare and prosperity. Hence, this bill proposes that the ten percent (10%) increase in the IRA share of LGUs may be used for the payment of compensation, allowances, emoluments and other privileges such as social security benefits of barangay officials and volunteer workers.

 

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