Bill Type
Congress Name
Long Title
AN ACT TO STABILIZE THE SUGAR INDUSTRY BY ESTABLISHING THE SUGAR INDUSTRY RESEARCH AND STABILIZATION FUND AND FOR OTHER PURPOSES
Date filed
August 2, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 1920, 12th Congress of the Republic | |
| FULL TITLE : AN ACT TO STABILIZE THE SUGAR INDUSTRY BY ESTABLISHING THE SUGAR INDUSTRY RESEARCH AND STABILIZATION FUND AND FOR OTHER PURPOSES | |
| ABSTRACT : Twenty percent (20%) of the total Value Added Tax (VAT) proceeds collected on sugar and sugar by-products shall, accrue to and form part of a special fund for the sugar industry which shall be made available solely to finance the operation, programsand activities of the Sugar Regulatory Administration in pursuance of its charter objectives. > For this purpose, the proceed as herein provided shall be set aside to constitute a fund known as the Sugar Industry Research and Stabilization Fund which shall be paid out for the purpose herein stated. | |
| PRINCIPAL AUTHOR/S : LACSON, JOSE CARLOS V. | |
| DATE FILED : 2001-08-02 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Castro (017 ) | 2. Syjuco (023 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON AGRICULTURE, FOOD & FISHERIES ON 2001-08-08 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON APPROPRIATIONS |
Abstract
Twenty percent (20%) of the total Value Added Tax (VAT) proceeds collected on sugar and sugar by-products shall, accrue to and form part of a special fund for the sugar industry which shall be made available solely to finance the operation, programsand activities of the Sugar Regulatory Administration in pursuance of its charter objectives. > For this purpose, the proceed as herein provided shall be set aside to constitute a fund known as the Sugar Industry Research and Stabilization Fund which shall be paid out for the purpose herein stated.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.