Bill Type
Congress Name
Long Title
AN ACT INCREASING THE EXCISE TAX RATES ON CIGARS AND CIGARETTES BY THREE PERCENT (3%) EVERY YEAR FOR FIVE (5) YEARS, AMENDING FOR THE PURPOSE SECTION 145 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Date filed
May 27, 2003
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 6047, 12th Congress of the Republic | |
| FULL TITLE : AN ACT INCREASING THE EXCISE TAX RATES ON CIGARS AND CIGARETTES BY THREE PERCENT (3%) EVERY YEAR FOR FIVE (5) YEARS, AMENDING FOR THE PURPOSE SECTION 145 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED | |
| ABSTRACT : To help generate much-needed revenues for the government, this bill seeks to increase the excise taxes on cigars and cigarettes and other tobacco products. It also proposes the retention of the four-tier specific system wherein the tax is based on the quality and retail prices of the different tobacco products available in the market. The retention of the four-tier tax system will prevent the collapse of the tobacco industry upon which more than a hundred thousand farmers in the North depend for their livelihood and survival. | |
| PRINCIPAL AUTHOR/S : SINGSON, ERIC D. | |
| DATE FILED : 2003-05-27 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Domogan | 2. Taganas Layus |
| 3. Bernardo-lokin | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2003-06-03 |
Abstract
To help generate much-needed revenues for the government, this bill seeks to increase the excise taxes on cigars and cigarettes and other tobacco products. It also proposes the retention of the four-tier specific system wherein the tax is based on the quality and retail prices of the different tobacco products available in the market. The retention of the four-tier tax system will prevent the collapse of the tobacco industry upon which more than a hundred thousand farmers in the North depend for their livelihood and survival.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.