Bill Type
Long Title
AN ACT INCREASING THE EXCISE TAX RATES OF ALCOHOL AND TOBACCO PRODUCTS, AMENDING FOR THE PURPOSE SECTIONS 141, 142, 143 AND 145 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED
Date filed
May 10, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB10853 |
| FULL TITLE : AN ACT INCREASING THE EXCISE TAX RATES OF ALCOHOL AND TOBACCO PRODUCTS, AMENDING FOR THE PURPOSE SECTIONS 141, 142, 143 AND 145 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED |
| ABSTRACT : This legislative proposal seeks to address the foregoing national concerns in two ways - by increasing the rates of excise tax to be imposed on these products thus, effectively minimizing their consumption, and, by providing in the law an automaticmechanism whereby the government can impose on these non-essential goods the appropriate amount of excise taxes that are refelective of an are based on their prevailing market values at any given time. |
| PRINCIPAL AUTHOR/S : SUAREZ, DANILO E. |
| DATE FILED : 2000-05-10 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2000-05-16 |
Abstract
This legislative proposal seeks to address the foregoing national concerns in two ways - by increasing the rates of excise tax to be imposed on these products thus, effectively minimizing their consumption, and, by providing in the law an automaticmechanism whereby the government can impose on these non-essential goods the appropriate amount of excise taxes that are refelective of an are based on their prevailing market values at any given time.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.