Bill Type
Congress Name
Long Title
AN ACT REDUCING TO FIFTEEN PERCENT (15%) THE AMUSEMENT TAX ON GROSS RECEIPTS FROM ADMISSION FEES OF THEATERS, CINEMAS, CONCERT HALLS, CIRCUSES AND OTHER PLACES OF AMUSEMENT, AMENDING FOR THE PURPOSE SECTION 140 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991, AND FOR OTHER PURPOSES
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00292 | |
| FULL TITLE : AN ACT REDUCING TO FIFTEEN PERCENT (15%) THE AMUSEMENT TAX ON GROSS RECEIPTS FROM ADMISSION FEES OF THEATERS, CINEMAS, CONCERT HALLS, CIRCUSES AND OTHER PLACES OF AMUSEMENT, AMENDING FOR THE PURPOSE SECTION 140 OF REPUBLIC ACT NO. 7160, OTHERWISE KNOWN AS THE LOCAL GOVERNMENT CODE OF 1991, AND FOR OTHER PURPOSES | |
| ABSTRACT : The entertainment industry, which is saddled with numerous taxes, is on the brink of economic collapse and loss of identity. To encourage economic growth, create new jobs, exports and make accessible to consumers a wide range of new media content and services at competitive prices, the bill seeks to reduce the amusement tax on gross receipts from admission fees from 30% to 15%. The bill further seeks to exempt pop, rock or similar concerts from the payment of amusement tax. | |
| PRINCIPAL AUTHOR/S : LAPUS, JESLI A. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Badelles (012 ) | 2. Marcos (012 ) |
| 3. Mangudadatu (074 ) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2004-07-27 |
Abstract
The entertainment industry, which is saddled with numerous taxes, is on the brink of economic collapse and loss of identity. To encourage economic growth, create new jobs, exports and make accessible to consumers a wide range of new media content and services at competitive prices, the bill seeks to reduce the amusement tax on gross receipts from admission fees from 30% to 15%. The bill further seeks to exempt pop, rock or similar concerts from the payment of amusement tax.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.