NLA passes first reading of inheritance bill, tax code amendment bill

THURSDAY, DECEMBER 18, 2014
NLA passes first reading of inheritance bill, tax code amendment bill

The National Legislative Assembly Thursday approved the inheritance tax bill in the first reading with 160 votes while 16 NLA members voted against it and ten abstained.

The chamber also voted 172: 8 to pass a bill to amend the Revenue and Taxation Code accordingly. Seven NLA members abstained.
The NLA set up a 25-member special committee to vet the inheritance bill in 15 days and another 25-member panel to vet the taxation code amendment bill in 15 days.
The Nation