HB06719: AN ACT PROVIDING FURTHER OPPORTUNITIES FOR SENIOR CITIZENS AS EMPLOYEES IN PRIVATE ENTITIES BY GRANTING INCREASED INCENTIVES TO PRIVATE ENTITIES THAT EMPLOY SENIOR CITIZENS, AMENDING FOR THE PURPOSE CERTAIN PROVISION OF R.A. NO. 9994, OTHERWISE KNOWN AS T
This bill seeks to provide further opportunities for senior citizens in the workforce by granting increased incentives to private entities that employ them. It aims to encourage the employment of senior citizens, recognizing their continued productivity and contribution to society.
The bill proposes an amendment to the Expanded Senior Citizens Act of 2010, increasing the tax deduction for private entities that employ senior citizens, making it more attractive for companies to hire from this segment of the population.