Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 289, PARAGRAPH 6 OF REPUBLIC ACT NO. 8424(RE: SHARE OF BENEFICIARY PROVINCES ON THE EXCISE TAXES OF LOCALLY MANUFACTURED VIRGINIA-TYPE CIGARETTES)
Date filed
October 4, 1999
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB08463 |
| FULL TITLE : AN ACT AMENDING SECTION 289, PARAGRAPH 6 OF REPUBLIC ACT NO. 8424(RE: SHARE OF BENEFICIARY PROVINCES ON THE EXCISE TAXES OF LOCALLY MANUFACTURED VIRGINIA-TYPE CIGARETTES) |
| ABSTRACT : Rationale: Section 289, paragraph 6 of Republic Act No. 8424 needs to be amended for its effective implementation by providing that the share of the beneficiary provinces equal to fifteen percent (15%) of the excise taxes on locally manufactured Virginia-type cigarettes be directly allocated to them. > The beneficiary provinces are in a better position to ensure that the said fund shall be used for priority cooperative projects, livelihood projects, agro-industrial projects such as farm-to-market roads. |
| PRINCIPAL AUTHOR/S : BATERINA, SALACNIB F. |
| DATE FILED : 1999-10-04 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON REVISION OF LAWS ON 1999-10-07 |
Abstract
Rationale: Section 289, paragraph 6 of Republic Act No. 8424 needs to be amended for its effective implementation by providing that the share of the beneficiary provinces equal to fifteen percent (15%) of the excise taxes on locally manufactured Virginia-type cigarettes be directly allocated to them. > The beneficiary provinces are in a better position to ensure that the said fund shall be used for priority cooperative projects, livelihood projects, agro-industrial projects such as farm-to-market roads.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.