Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTIONS 141, 142, 143, 144 AND 145 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00194 | |
| FULL TITLE : AN ACT AMENDING SECTIONS 141, 142, 143, 144 AND 145 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997 | |
| ABSTRACT : The bill proposes to increase the existing excise tax rate on tobacco and alcohol products or "sin products" and to index the same to inflation. It further proposes the removal of the codal classification of excisable products by brand. The passage of the bill is expected to generate at least PhP 4 billion in the first year of implementation. | |
| PRINCIPAL AUTHOR/S : DE VENECIA, JOSE JR. C. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Lacson (002 ) | 2. Codilla (006 ) |
| 3. Arroyo (006 ) | 4. Magsaysay (020 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for first meeting/hearing on 2004-09-14 | |
| 2. Scheduled for first meeting/hearing on 2004-09-14 | |
| 3. Under deliberation by the Mother Committee on 2004-09-20 | |
| 4. Under deliberation by the Mother Committee on 2004-09-20 | |
| 5. Under deliberation by the Mother Committee on 2004-09-21 | |
| 6. Under deliberation by the Mother Committee on 2004-09-21 | |
| 7. Under deliberation by the Mother Committee on 2004-09-22 | |
| 8. Under deliberation by the Mother Committee on 2004-09-22 | |
| 9. Under deliberation by the Mother Committee on 2004-10-18 | |
| 10. Under deliberation by the Mother Committee on 2004-10-18 | |
| 11. Under deliberation by the Mother Committee on 2004-10-20 | |
| 12. Under deliberation by the Mother Committee on 2004-10-20 | |
| 13. Approved by the Committee on 2004-10-25 | |
| 14. Approved by the Committee on 2004-10-25 | |
| 15. Committee Report filed on 2004-10-26 | |
| 16. Committee Report filed on 2004-10-26 | |
| 17. Bicameral Conference Report filed on 2004-12-15 | |
| 18. Bicameral Conference Report filed on 2004-12-15 | |
| MOTHER BILL: HB03174 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-07-27 |
Abstract
The bill proposes to increase the existing excise tax rate on tobacco and alcohol products or "sin products" and to index the same to inflation. It further proposes the removal of the codal classification of excisable products by brand. The passage of the bill is expected to generate at least PhP 4 billion in the first year of implementation.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.