MANILA - The House of Representatives adjourned its third and final regular session on Tuesday but not before passing the bill increasing excise tax rates for tobacco.
The House adopted the Senate’s version of the act increasing the excise tax on tobacco products.
The bill will now be ready for President Rodrigo Duterte’s signature.
In her valedictory speech, Arroyo thanked her colleagues for passing the priority bill.
"Tonight, together with the Senate, we ratified the tobacco tax, and it is being ready for the President’s signature," Arroyo said.
The bill increasing taxes on tobacco products was a buzzer beater since the Senate had to amend the measure it approved on third and final reading Monday night to accommodate the objections of Northern Luzon Congressmen.
The congressmen opposed the 50-50 revenue sharing scheme between provinces and municipalities and wanted revenues split 70 percent for provinces and 30 percent for municipalities.
Voting 20-0, senators approved Senate Bill No. 2233 which raises excise taxes on cigarettes by P45 per pack by 2020, P50 per pack by 2021, P55 per pack by 2022, and P60 per pack by 2023.
It also places a P10 tax for every 10 milliliters of vaping liquids.