Bill Type
Congress Name
Long Title
FULL TITLE : AN ACT AMENDING SECTIONS 141, 142 AND 143 OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Text as filed (link)
Date filed
September 24, 2018
Scope
Legislative History
| House Bill/Resolution NO. HB08286 |
| FULL TITLE : AN ACT AMENDING SECTIONS 141, 142 AND 143 OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED |
| ABSTRACT : Intends to increase the tax on alcohol products to approximate the 40-60% sharing of alcohol and tobacco expenditure and to increase its excise tax rate to 10%.Seeks to remove the distinction on whether fermented liquors are brewed and sold in microbreweries and pubs or in factories for simpler tax administration and provides that tax shall be based on the basis of volume or per liter and no longer on "per proof liter". |
| PRINCIPAL AUTHOR/S : SUANSING, HORACIO JR. P. |
| DATE FILED : 2018-09-24 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| MOTHER BILL: HB08618 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2018-09-25 |
Abstract
Intends to increase the tax on alcohol products to approximate the 40-60% sharing of alcohol and tobacco expenditure and to increase its excise tax rate to 10%.Seeks to remove the distinction on whether fermented liquors are brewed and sold in microbreweries and pubs or in factories for simpler tax administration and provides that tax shall be based on the basis of volume or per liter and no longer on "per proof liter"
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.