House moves to kick start bicam meet on sin tax bill
MANILA, Philippines - The House of Representatives is set to name on Monday its contingent to the bicameral committee, which will consolidate its version of the sin tax measure with that of the Senate.
In a statement, Davao City 3rd District Isidro Ungab said the list will be presented to the plenary tomorrow, December 3. Ungab, who is chairman of the House Committee on Ways and Means, said they were just waiting the transmittal of the amended sin tax measure from the Senate, which was approved on third and final reading on November 20.
Ungab said he is amenable to whatever is the best measure that Congress can pass for as long as this will address the health concerns of the public. “The excise tax can be a good measure to control smoking and excessive drinking,” he said.
The lower House was first to pass its version last June 6. House Bill 5727, authored by former Cavite Rep. and now Transport Sec. Joseph Emilio Abaya, 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.
Senate Bill 3299, on the other hand, seeks to raise P39.5 billion during the first year of implementation of higher excise taxes on tobacco and alcohol products in 2013. Of this amount, P24 billion or 60% shall come from tobacco and P16 billion or 40 percent from alcohol products.
The Senate contingent is headed by Sen. Franklin Drilon, the acting chairman of the Committee of Ways and Means. The others are: Senators Sergio Osmeña III, Panfilo Lacson, Ralph Recto, Ferdinand “Bongbong” Marcos Jr., Alan Cayetano, and Pia Cayetano.