House names members of panel to bicam on sin tax reform measure

THE House of Representatives last night named the members of its panel to the bicameral committee on the sin tax reform measure.

House Secretary-General Marilyn Barua-Yap said as manifested on the floor, the House Contingent is headed by Rep. Isidro Ungab (3rd District, Davao City), the Chairman of the House Committee on Ways and Means, and has as members Reps.Neptali Gonzales II (Lone District, Mandaluyong City), the Majority Leader, Janette Garin (1stDistrict, Iloilo), Henedina Abad (Lone District, Batanes), Jocelyn Limkaichong (1stDistrict, Negros Oriental), Eric Singson Jr. (2nd District, Ilocos Sur), Luis Villafuerte (3rdDistrict, Camarines Sur), Arnulfo Fuentebella (4th District, Camarines Sur) of the majority and Danilo Suarez (3rd District, Quezon), the Minority Leader.

Ungab said the House and Senate panels will hold their bicameral meeting this Wednesday, December 5, at 10 a.m. The venue will be finalized tonight by the House and Senate panels according to him.

Yap described the House panel as composed of those who are “Very knowledgeable with taxation and on issues and concerns on sin taxes.”

Ungab said the House panel is composed of authors of some of the sin tax reform bills filed during the 15th Congress, members of the majority and the minority parties as well as a representatives from the tobacco growing areas of the country.

“It’s a complete mix of personalities hoping to pass a genuine sin tax reform law,” said Ungab.

Last June 6, the House passed House Bill 5727 authored by former Cavite Rep. and now DOTC Sec. Joseph Emilio Abaya which seeks to raise a total incremental revenue of P31.35 billion during the first year of implementing the restructured excise taxes on tobacco and alcohol products. Of this amount, P26.87 billion shall come from cigarettes, P3.03 billion from fermented liquors and P1.45 billion from distilled spirits.

The bill provides an 8-percent increase in the excise tax rates every two years effective January 1, 2015 until January 1, 2025 for distilled spirits, wines, fermented liquors, tobacco products, cigars and cigarettes through revenue regulations issued by the Secretary of Finance; Removes the price/brand classification freeze on alcohol and tobacco products; Allocates the incremental revenues from the excise tax on tobacco products for the provinces producing burley and native tobacco, in accordance with the volume of tobacco leaf production, to promote economically viable alternative programs for tobacco farmers and workers; and provides additional funding for the universal health care program of the government.

Ungab said the sin tax reform bill will level the playing field by encouraging fair competition among all stakeholders in the alcohol and tobacco industry; increase the revenue base of the government; and address the increasing social costs of alcohol and tobacco consumption.

House names members of panel to bicam on sin tax reform measure

THE House of Representatives last night named the members of its panel to the bicameral committee on the sin tax reform measure.

House Secretary-General Marilyn Barua-Yap said as manifested on the floor, the House Contingent is headed by Rep. Isidro Ungab (3rd District, Davao City), the Chairman of the House Committee on Ways and Means, and has as members Reps.Neptali Gonzales II (Lone District, Mandaluyong City), the Majority Leader, Janette Garin (1stDistrict, Iloilo), Henedina Abad (Lone District, Batanes), Jocelyn Limkaichong (1stDistrict, Negros Oriental), Eric Singson Jr. (2nd District, Ilocos Sur), Luis Villafuerte (3rdDistrict, Camarines Sur), Arnulfo Fuentebella (4th District, Camarines Sur) of the majority and Danilo Suarez (3rd District, Quezon), the Minority Leader.

Ungab said the House and Senate panels will hold their bicameral meeting this Wednesday, December 5, at 10 a.m. The venue will be finalized tonight by the House and Senate panels according to him.

Yap described the House panel as composed of those who are “Very knowledgeable with taxation and on issues and concerns on sin taxes.”

Ungab said the House panel is composed of authors of some of the sin tax reform bills filed during the 15th Congress, members of the majority and the minority parties as well as a representatives from the tobacco growing areas of the country.

“It’s a complete mix of personalities hoping to pass a genuine sin tax reform law,” said Ungab.

Last June 6, the House passed House Bill 5727 authored by former Cavite Rep. and now DOTC Sec. Joseph Emilio Abaya which seeks to raise a total incremental revenue of P31.35 billion during the first year of implementing the restructured excise taxes on tobacco and alcohol products. Of this amount, P26.87 billion shall come from cigarettes, P3.03 billion from fermented liquors and P1.45 billion from distilled spirits.

The bill provides an 8-percent increase in the excise tax rates every two years effective January 1, 2015 until January 1, 2025 for distilled spirits, wines, fermented liquors, tobacco products, cigars and cigarettes through revenue regulations issued by the Secretary of Finance; Removes the price/brand classification freeze on alcohol and tobacco products; Allocates the incremental revenues from the excise tax on tobacco products for the provinces producing burley and native tobacco, in accordance with the volume of tobacco leaf production, to promote economically viable alternative programs for tobacco farmers and workers; and provides additional funding for the universal health care program of the government.

Ungab said the sin tax reform bill will level the playing field by encouraging fair competition among all stakeholders in the alcohol and tobacco industry; increase the revenue base of the government; and address the increasing social costs of alcohol and tobacco consumption.

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