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Bills / SBN-1927

AUTOMATIC SUSPENSION OR REDUCTION OF EXCISE TAX ON FUELS

SBN-1927bill · in_committeeFiled Mar 4, 2026

The bill SBN-1927 seeks to allow for the automatic suspension or reduction of excise tax on fuels by amending existing tax laws. It is currently in the committee stage.

Finance & Budget
AI-generated summary. May contain errors — verify against the official Senate source before relying on it.
Legislative history
  1. Mar 4, 2026

    Introduced by Senators PIA S. CAYETANO and ALAN PETER "COMPAÑERO" S. CAYETANO;

    Read on First Reading and Referred to the Committees on WAYS AND MEANS and ENERGY;

  2. Mar 11, 2026

    Conducted JOINT COMMITTEE MEETINGS/HEARINGS;

  3. Mar 16, 2026

    Returned and submitted jointly by the Committees on WAYS AND MEANS and ENERGY per Committee Report No. 48, recommending that it be substituted by SBN-1982;

    Committee Report Calendared for Ordinary Business;

    SUBSTITUTED BY SBN-1982 UNDER COMMITTEE REPORT NO. 48 WHICH BECAME REPUBLIC ACT NO. 12316 ON MARCH 25, 2026.