Bill Type
Congress Name
Long Title
AN ACT PROMOTING INVESTMENTS IN THE BIOFUEL INDUSTRY, AMENDING FOR THE PURPOSE THE TAX INCENTIVE SCHEMES OF REPUBLIC ACT NO. 9367, OTHERWISE KNOWN AS THE BIOFUELS ACT OF 2006, AND FOR OTHER PURPOSES
Date filed
August 16, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB02098 |
| FULL TITLE : AN ACT PROMOTING INVESTMENTS IN THE BIOFUEL INDUSTRY, AMENDING FOR THE PURPOSE THE TAX INCENTIVE SCHEMES OF REPUBLIC ACT NO. 9367, OTHERWISE KNOWN AS THE BIOFUELS ACT OF 2006, AND FOR OTHER PURPOSES |
| ABSTRACT : The bill exempts the importation of raw materials used in the production and/or refining of biofuels from the value-added tax and customs duties. it also clarifies that the zero specific tax privilege includes, but is not limited to, chemicals andother substances used in the processing or refining of biofuels. |
| PRINCIPAL AUTHOR/S : JAVIER, EXEQUIEL B. |
| DATE FILED : 2007-08-16 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2007-08-29 |
Abstract
The bill exempts the importation of raw materials used in the production and/or refining of biofuels from the value-added tax and customs duties. it also clarifies that the zero specific tax privilege includes, but is not limited to, chemicals andother substances used in the processing or refining of biofuels.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.