“By a vote of 20-0-0, the Senate adopted on third and final reading the Senate Bill (SB) 2247, or the Law on Entrepreneur Licenses, during its plenary session on Monday, December 13.
SB 2247 is written by Senators Sherwin T. Gatchalian, Ramon “Bong” Revilla Jr. and Manuel “Lito” Lapid. It was sponsored by Senator Aquilino “Koko” Pimentel III.
In a nutshell, SB 2247 now carries a more severe penalty under the new section 35 of the measure.
Under the amended section of the bill, any contractor who undertakes construction work without first obtaining a license to engage in the subcontracting activity can now face a minimum penalty of 100,000. P to a maximum penalty of 500,000 P.
The new provision also prohibits the offending party from obtaining a contractor’s license for a period of one year.
Parties who provide false evidence or evidence to obtain a license would be fined a minimum of P 500,000 to a maximum of P 1,000,000, as well as a minimum prison term of one year to a maximum of 6 years imprisonment. .
SB 2247 also increases the statutory fee from P50 to P5,000 for an original license; from P60 to P6000 for the examination of a candidate; and from P50 to P5,000 for an annual license.
The amended provision also provides that the license issued will be valid for one year. The amendment also sets the license renewal fee at P5,000.
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