Bill Type
Congress Name
Long Title
AN ACT IMPOSING A TEN PERCENT (10%) AD VALOREM TAX ON FLAVORED OR COLOURED SYRUPS EXCLUSIVELY USED IN THE MANUFACTURE OF SOFTDRINKS BY INSERTING A NEW SECTION, THEREBY AMENDING FOR THE PURPOSE CHAPTER VI, TITLE VI OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Date filed
October 20, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB03137 |
| FULL TITLE : AN ACT IMPOSING A TEN PERCENT (10%) AD VALOREM TAX ON FLAVORED OR COLOURED SYRUPS EXCLUSIVELY USED IN THE MANUFACTURE OF SOFTDRINKS BY INSERTING A NEW SECTION, THEREBY AMENDING FOR THE PURPOSE CHAPTER VI, TITLE VI OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED |
| ABSTRACT : The bill imposes a 10% ad valorem tax on flavored or coloured syrups exclusively used in manufacturing softdrinks. The tax shall be based on the manufacturer's selling price, or the total value of importation. |
| PRINCIPAL AUTHOR/S : SUAREZ, DANILO E. |
| DATE FILED : 2004-10-20 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Nieva (025 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-11-08 |
Abstract
The bill imposes a 10% ad valorem tax on flavored or coloured syrups exclusively used in manufacturing softdrinks. The tax shall be based on the manufacturer's selling price, or the total value of importation."]
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.