Mga panukalang dapat isabatas (9)
18. AN ACT PROVIDING INCENTIVES FOR THE MANU-FACTURE, ASSEMBLY, CON-VERSION, AND IMPORTATION OF ELECTRIC, HYBRID AND OTHER ALTERNATIVE FUEL VEHICLE, AND FOR OTHER PURPOSES
This measure grants fiscal and non-fiscal incentives to ma-nufacturers, assemblers and importers of completely knocked down vehicles (CKD) that shall use alternative fuel.
Alternative fuel shall be in the form of electrical, solar, wind, hydrogen, fuel cell, compressed natural gas, and Liquefied petroleum gas. Alternative fuel shall also take the form of hybrid fuel, the use of internal combustion engine (ICE) and battery-powered electric motor to gain advantages of both propulsion systems.
The proposed measure explicitly excludes vehicles that are solely powered by gasoline, petroleum, bio-diesel and bio-ethanol.
Fiscal incentives include nine (9) years exemption from payment of excise taxes and duties from the effectivity of this Act for importers, manufacturers or assemblers, nine (9) years suspension of VAT for the purchase, importation of raw mateials, spare parts, components and capital equipment used in the manufacture or assembly of such vehicles, exemption from the Payment of Motor Vehicle User’s Charge (MVUC) imposed by the Land Transportation Office (LTO). As for non-fiscal incentives, it includes priority in registration and issuance of plate number, priority in franchise application, exemption from Unified Vehicular Volume Reduction Prog-ram (UVVRP), and provision for free parking spaces in new establishments.
19. S. No. 1068 AN ACT PROMOTING ENTREPRENEURSHIP BY MANDATING BANKS TO PROVIDE FIVE PERCENT (5%) OF THEIR LOANABLE FUNDS TO NEW GRADUATES AND FULL-TIME STUDENTS, AND FOR OTHER PURPOSES
The bill which shall be known as the “College Graduates and Students Entrepreneurship Act of 2010” seeks to solve the high unemployment rate among college students and undergraduate stu-dents by encouraging them to face the real world with an entrepreneurial mindset and it can only be achieved if they will be assisted financially.
Under the proposed measure, banks whether government or private shall allot at least five percent (5%) of their loanable funds to graduates and full time students with a provision that such amount loaned shall be exclusively utilized as seed money or capital for their business ventures.