Bill Type
Congress Name
Long Title
AN ACT IMPOSING EXCISE TAX ON CARBONATED DRINKS, FRUIT JUICE DRINKS AND POWDERED JUICE DRINKS, AND ON CERTAIN NON-ESSENTIAL ARTICLES, AMENDING FOR THE PURPOSE SECTION 150 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND INSERTING A NEW SECTIONTHEREOF
Date filed
July 7, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB00774 |
| FULL TITLE : AN ACT IMPOSING EXCISE TAX ON CARBONATED DRINKS, FRUIT JUICE DRINKS AND POWDERED JUICE DRINKS, AND ON CERTAIN NON-ESSENTIAL ARTICLES, AMENDING FOR THE PURPOSE SECTION 150 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND INSERTING A NEW SECTIONTHEREOF |
| ABSTRACT : Imposes an ad valorem tax of ten percent (10%) of the manufacturer's and importer's wholesale price on carbon drinks, fruit juice drinks and powdered juice drinks, and twenty percent (20%) on non-essential goods. |
| PRINCIPAL AUTHOR/S : TUAZON, RODOLFO T. |
| DATE FILED : 1998-07-07 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1998-07-29 |
Abstract
Imposes an ad valorem tax of ten percent (10%) of the manufacturer's and importer's wholesale price on carbon drinks, fruit juice drinks and powdered juice drinks, and twenty percent (20%) on non-essential goods.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.