SB 478
Senate·20th Congress·Filed Jul 14, 2025
Business Enterprise Productivity Act
An Act Promoting Inclusive and Sustainable Business Enterprise Productivity Growth, Amending for the Purpose Republic Act No. 6971, Otherwise Known as the 'productivity Incentives Act of 1990'
In plain language
The bill updates the 1990 Productivity Incentives Act to require companies with ten or more workers to set up a joint labor‑management committee that creates productivity plans, gives workers bonuses tied to output gains, and lets firms claim a 50 % tax deduction on those bonuses. It also offers technical help, low‑interest loans for small firms, and sets up monitoring and penalties for abuse.
Labor and EmploymentTaxationEducation
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Subjects
Enterprise Productivity (R.A. 6971)Business Enterprise Productivity
Official sources
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SBN-478 · Sources: BetterGov Open Congress, BatasWatch