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 MANUFACTURING 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
July 2, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00595 |
| FULL TITLE : AN ACT IMPOSING A TEN PERCENT (10%) AD VALOREM TAX ON FLAVORED OR COLOURED SYRUPS EXCLUSIVELY USED IN THE MANUFACTURING 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 measure proposes the imposition of a 10% ad valorem tax on flavored or colored syrups exclusively used in the manufacture of softdrinks to be imposed on the manufacturer's selling tariff and customs duty, including customs duty and all other charges, net of value-added tax. |
| PRINCIPAL AUTHOR/S : SUAREZ, DANILO E. |
| DATE FILED : 2007-07-02 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2008-09-23 |
| 2. Under deliberation by the Mother Committee on 2008-11-18 |
| 3. Under deliberation by the Mother Committee on 2008-12-02 |
| 4. Under deliberation by the Mother Committee on 2009-01-27 |
| 5. Under deliberation by the Mother Committee on 2009-02-03 |
| 6. Under deliberation by the Mother Committee on 2009-02-17 |
| 7. Under deliberation by the Mother Committee on 2009-02-24 |
| 8. Under deliberation by the Mother Committee on 2009-03-03 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2007-07-30 |
Abstract
The measure proposes the imposition of a 10% ad valorem tax on flavored or colored syrups exclusively used in the manufacture of softdrinks to be imposed on the manufacturer's selling tariff and customs duty, including customs duty and all other charges, net of value-added tax.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.