THE House Committee on Ways and Means has approved tax incentives for first-time homebuyers, according to the House Media Relations Service.
The committee, in a hearing presided by its vice chairman Rep. Raneo E. Abu (2nd District, Batangas), approved the tax provisions of the unnumbered substitute bill to House Bill 414, principally authored by Rep. Arthur C. Yap (3rd District, Bohol) titled “First-Time Homebuyers Act.”
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