The bill would let taxpayers deduct out‑of‑pocket costs for severe illnesses (like cancer or stroke) from their taxable income, up to a set ceiling, provided they show medical proof and the expenses were not already paid by insurance or government aid.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB05496. Status changes over time; check the link for the latest.
HB05496 · Sources: BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.