Bill Type
Congress Name
Long Title
AN ACT EXPANDING THE LIST OF NONESSENTIAL GOODS SUBJECT TO EXCISE TAX, AMENDING SECTION 150 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED
Date filed
November 17, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB05437 |
| FULL TITLE : AN ACT EXPANDING THE LIST OF NONESSENTIAL GOODS SUBJECT TO EXCISE TAX, AMENDING SECTION 150 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED |
| ABSTRACT : Seeks to expand the list of nonessential articles subject to the 20% excise tax, to include: (1) high-grade watches; compact/laser discs; whirlpool bathtubs; (2) inches colored TV sets; aircrafts; polo sets, etc. |
| PRINCIPAL AUTHOR/S : ESPINA, GERARDO S. |
| DATE FILED : 1998-11-17 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1998-11-23 |
Abstract
Seeks to expand the list of nonessential articles subject to the 20% excise tax, to include: (1) high-grade watches; compact/laser discs; whirlpool bathtubs; (2) inches colored TV sets; aircrafts; polo sets, etc.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.