Bill Type
Long Title
AN ACT REDUCING BY TWENTY PERCENTUM (20%) THE DUTIES AND TAXES ON CRUDE OIL, DIESEL OIL, GASOLINE AND/OR PETROLEUM PRODUCTS TO ENSURE THE REDUCTION OF OIL PRICES CORRESPONDINGLY BY TWENTY PERCENTUM (20%) ALSO OF THE DUTIES AND TAXES THEREON PAYABLETO THE GOVERNMENT, AND FOR OTHER PURPOSES
Date filed
September 18, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB12307 |
| FULL TITLE : AN ACT REDUCING BY TWENTY PERCENTUM (20%) THE DUTIES AND TAXES ON CRUDE OIL, DIESEL OIL, GASOLINE AND/OR PETROLEUM PRODUCTS TO ENSURE THE REDUCTION OF OIL PRICES CORRESPONDINGLY BY TWENTY PERCENTUM (20%) ALSO OF THE DUTIES AND TAXES THEREON PAYABLETO THE GOVERNMENT, AND FOR OTHER PURPOSES |
| ABSTRACT : "Oil Duties and Taxes Reduction Act of the Year 2000." The duties and taxes on crude oil, diesel oil, gasoline and/or petroleum products are hereby reduced by twenty percentum. Correspondingly , the oil importers, refinery companies, distributors and gasoline station oeprators shall reduce their prices equivalent to the twenty percentum (20%) deducted from the duties and taxes they shall pay to the government. |
| PRINCIPAL AUTHOR/S : AUMENTADO, ERICO B. |
| DATE FILED : 2000-09-18 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE |
| MOTHER BILL: HB12592 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2000-09-25 |
Abstract
"Oil Duties and Taxes Reduction Act of the Year 2000." The duties and taxes on crude oil, diesel oil, gasoline and/or petroleum products are hereby reduced by twenty percentum. Correspondingly , the oil importers, refinery companies, distributors and gasoline station oeprators shall reduce their prices equivalent to the twenty percentum (20%) deducted from the duties and taxes they shall pay to the government.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.