Bill Type
Congress Name
Long Title
AN ACT INCREASING THE RATES OF EXCISE TAX ON DISTILLED SPIRITS, WINES, FERMENTED LIQUOR, CIGARS AND CIGARETTES AMENDING FOR THE PURPOSE SECTIONS 141, 142, 143 AND 145 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Date filed
August 25, 2003
Scope
Legislative History
| House Bill/Resolution NO. House Bill No. 6356, 12th Congress of the Republic |
| FULL TITLE : AN ACT INCREASING THE RATES OF EXCISE TAX ON DISTILLED SPIRITS, WINES, FERMENTED LIQUOR, CIGARS AND CIGARETTES AMENDING FOR THE PURPOSE SECTIONS 141, 142, 143 AND 145 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED |
| ABSTRACT : The bill proposes to increase the rates of excise tax on distilled spirits, wines, fermented liquor, cigars and cigarettes. The proposed increase in excise taxes would generate for the government much needed revenues to finance its fiscal obligations. The tax increase will also discourage the usage and consumption of these sin products that will, in the long run, drastically reduce the government's health care costs on smoking and alcohol related ailments. |
| PRINCIPAL AUTHOR/S : SUAREZ, ALETA C. |
| DATE FILED : 2003-08-25 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2003-09-01 |
Abstract
"The bill proposes to increase the rates of excise tax on distilled spirits, wines, fermented liquor, cigars and cigarettes. The proposed increase in excise taxes would generate for the government much needed revenues to finance its fiscal obligations. The tax increase will also discourage the usage and consumption of these sin products that will, in the long run, drastically reduce the government's health care costs on smoking and alcohol related ailments."
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.