Bill Type
Long Title
AN ACT REVISING THE EXCISE TAX SYSTEM ON FERMENTED LIQUORS, CIGARS AND CIGARETTES, AMENDING FOR THE PURPOSE SECTIONS 143 AND 145 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES
Date filed
September 26, 2000
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB12369 |
| FULL TITLE : AN ACT REVISING THE EXCISE TAX SYSTEM ON FERMENTED LIQUORS, CIGARS AND CIGARETTES, AMENDING FOR THE PURPOSE SECTIONS 143 AND 145 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES |
| ABSTRACT : This bill seeks to revise the excise taxation imposed on fermented liquor, cigar and cigarettes from specific to ad valorem tax system. It proposes the following rate of tax based on the constructive brewer's/manufa cturer's or importer's wholesaleprice or the actual brewer's/manufa cturer's or importer's wholesale price, whichever is higher: on fermented liquors: a three-tiered rate of 40%, 45% and 50%, on cigars, a rate of 10%, on cigarettes packed by hand, a rate of 15% and on cigarettes packed by machine, a three-tiered rate of 40%, 60% and 70%. |
| PRINCIPAL AUTHOR/S : SINGSON, GRACE G. |
| DATE FILED : 2000-09-26 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2000-10-02 |
Abstract
This bill seeks to revise the excise taxation imposed on fermented liquor, cigar and cigarettes from specific to ad valorem tax system. It proposes the following rate of tax based on the constructive brewer's/manufa cturer's or importer's wholesaleprice or the actual brewer's/manufa cturer's or importer's wholesale price, whichever is higher: on fermented liquors: a three-tiered rate of 40%, 45% and 50%, on cigars, a rate of 10%, on cigarettes packed by hand, a rate of 15% and on cigarettes packed by machine, a three-tiered rate of 40%, 60% and 70%.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.