Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 125 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED(RE: TRANSPARENCY IN THE PAYMENT OF AMUSEMENT TAX)
Date filed
November 10, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB05170 |
| FULL TITLE : AN ACT AMENDING SECTION 125 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED(RE: TRANSPARENCY IN THE PAYMENT OF AMUSEMENT TAX) |
| ABSTRACT : Requires TRANSPARENCY in the payment of the AMUSEMENT TA. Requires, therefore, operators of professional basketball, house races, and cock derbies to ADVERTISE the QUANTITY and FACE VALUE OF TICKETS SOLD, together with the results of games, in newspaper of general circulation. |
| PRINCIPAL AUTHOR/S : TEVES, HERMINIO G. |
| DATE FILED : 1998-11-10 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1998-11-16 |
Abstract
Requires TRANSPARENCY in the payment of the AMUSEMENT TA. Requires, therefore, operators of professional basketball, house races, and cock derbies to ADVERTISE the QUANTITY and FACE VALUE OF TICKETS SOLD, together with the results of games, in newspaper of general circulation.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.