An Act Allowing the Automatic Suspension or Reduction of Excise Tax on Fuels Amending for the Purpose Article 148 of the National Internal Revenue Code of 1997, as Amended
The bill lets the President, after a recommendation from the Development Budget Coordination Committee, automatically pause or lower fuel excise taxes whenever the monthly average price of Dubai crude oil hits $80 a barrel, and the pause ends when the price falls below that level.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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SBN-1927 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.