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The House of Representatives on Wednesday evening approved on second reading a bill that would raise the excise on alcoholic drinks effective Jan. 1, 2020, as well as on regular and electronic cigarettes. Without the usual lengthy delibHouse approves higher tax on liquor, e-cigaretes
The House of Representatives on Wednesday evening approved on second reading a bill that would raise the excise on alcoholic drinks effective Jan. 1, 2020, as well as on regular and electronic cigarettes. Without the usual lengthy deliberations, lawmakers approved a substitute bill that amended House Bill No. 1026, the original measure that the House ways and means committee passed the previous day to raise the «sin tax» on alcoholic products. They also passed HB 313, formerly known as Trabaho Bill but had been renamed as the Corporate Income Tax and Incentive Rationalization Act (Citira), which would remove tax incentives for large companies while...Keep on reading: House approves higher tax on liquor, e-cigaretes Read more