Bill Type
Long Title
AN ACT AMENDING SECTION 117 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, DELETING THE QUARTERLY MINIMUM GROSS SALES ON LAND TRANSPORTATION, PROVIDING FOR A PERIODIC REVIEW OF THE GROSS SALES OF LAND TRANSPORTATION AND SETTING THE EFFECTIVE RATE THEREOF AND FOR OTHER PURPOSES
Short Title
TAX ON DOMESTIC CARRIERS
Text as Filed (File)
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
40
Session Type
Subjects
Document Certification
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Legislative History (Senate Website)
Committee Referral (Senate Website)
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Committee Details
Primary Committee
Legislative History
| House Bill/Resolution NO. HB02807 |
| FULL TITLE : AN ACT AMENDING SECTION 117 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, DELETING THE QUARTERLY MINIMUM GROSS SALES OF LAND TRANSPORTATION, PROVIDING FOR A PERIODIC REVIEW OF THE GROSS SALES OF LAND TRANSPORTATION AND SETTING THE EFFECTIVE RATE THEREOF AND FOR OTHER PURPOSES |
| SHORT TITLE : Deleting the Quarterly Minimum Gross Sales of Land Transportation, Providing for a Periodic Review of Its Gross Sales and Setting Its Effective Rate |
| ABSTRACT : The bill empowers the Secretary of Finance to set the gross sales of land transportation based on the prevailing boundary rates imposed by public utility operators. The Department of Finance shall determine the appropriate sales once every two years. |
| PRINCIPAL AUTHOR/S : TEVES, HERMINIO G. |
| DATE FILED : 2004-09-08 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. Lapus |
| CO-AUTHORS (Journal Entries) : |
| 1. Chavez (003 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2005-01-18 |
| 2. Approved by the Committee on 2005-05-31 |
| 3. Committee Report filed on 2005-08-15 |
| COMMITTEE REPORT NO. 01001 |
| SUBMITTED ON 2005-08-15 |
| SUBMITTED BY: WAYS AND MEANS |
| RECOMMENDATIONS: approval |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-09-14 |
| DATE INCLUDED IN OB: 2005-08-16 |
| DATE CALENDARED : 2005-08-24 |
| SECOND READING INFORMATION |
| PERIOD OF SPONSORSHIP : 2006-02-21 |
| SPONSORED BY : Teves |
| DATE APPROVED ON SECOND READING : 2006-09-06 |
| THIRD READING INFORMATION |
| DATE COPY DISTRIBUTED TO MEMBERS: 2006-09-12 |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2006-10-13 |
| HOUSE VOTES: YEAS:205 NAYS:0 ABSTAIN:.0 |
| DATE TRANSMITTED TO THE SENATE: 2006-11-09 |
| ACTIONS TAKEN BY THE SENATE/HOUSE |
| DATE RECEIVED BY THE SENATE: 2006-11-09 |
| REMARKS : |
Senate Legislative History
Entitled: AN ACT AMENDING SECTION 117 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, DELETING THE QUARTERLY MINIMUM GROSS SALES ON LAND TRANSPORTATION, PROVIDING FOR A PERIODIC REVIEW OF THE GROSS SALES OF LAND TRANSPORTATION AND SETTING THE EFFECTIVE RATE THEREOF AND FOR OTHER PURPOSES [ THIRD REGULAR SESSION, 13TH CONGRESS ] [ 2006 ] 11/9/2006 Filed in the Senate requesting for concurrence by Representatives HERMINIO C. TEVES, JESLI A. LAPUS and LEONILA V. CHAVEZ as authors; 11/13/2006 Read on First Reading and Referred to the Committee on WAYS AND MEANS;
Abstract
The bill empowers the Secretary of Finance to set the gross sales of land transportation based on the prevailing boundary rates imposed by public utility operators. The Department of Finance shall determine the appropriate sales once every two years.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.