Zubiri signs ratified Maharlika bill, 2 others

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SENATE President Juan Miguel 'Migz' Zubiri on Wednesday signed three ratified bills, namely the Maharlika Investment Fund Act, Estate Tax Amnesty Extension Act, and the act recognizing Baler, Aurora, as the birthplace of Philippine Surfing.

He signed the measures at the Philippine Embassy in Washington DC, where he is presently conducting a working visit, and holding meetings with members of the United States Congress and government agencies.Senate Secretary Renato Bantug, who is part of the Senate contingent for the working visit, brought along the ratified copies to Washington.'The Maharlika bill is a priority measure, and the Estate Tax Amnesty Extension is very time-sensitive. Many people are waiting for these bills.

Fortunately, the ratified copies were already prepared by the time Secretary Bantug was set to join us in Washington,' Zubiri said.The Estate Tax Amnesty program expired on June 14, 2023. The Estate Tax Amnesty Extension Act will push the period of availment by two years, or up to June 14, 2025. Malacañang had certified it as an urgent measure.Ambassador Jose Manuel 'Babe' Romualdez and Sen. Francis Tolentino, who are part of the working visit, witnessed the signing.

 

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