Bill Type
Congress Name
Long Title
AN ACT INCREASING THE EXCISE TAX RATES ON PETROLEUM PRODUCTS, AMENDING FOR THE PURPOSE SECTION 148 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Date filed
July 9, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01323 |
| FULL TITLE : AN ACT INCREASING THE EXCISE TAX RATES ON PETROLEUM PRODUCTS, AMENDING FOR THE PURPOSE SECTION 148 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED |
| ABSTRACT : Proposes to increase the excise tax being imposed on petroleum products by PhP2.00. The tax rate on liquefied petroleum gas (LPG), which is a basic household need, has been excluded from the proposed increase and remains at zero. |
| PRINCIPAL AUTHOR/S : SUAREZ, DANILO E. |
| DATE FILED : 2004-07-09 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-08-02 |
Abstract
Proposes to increase the excise tax being imposed on petroleum products by PhP2.00. The tax rate on liquefied petroleum gas (LPG), which is a basic household need, has been excluded from the proposed increase and remains at zero.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.