EXECUTIVE ORDER NO. 947 March 29, 1984
Subject Matter : Amending Sections 145, 146 and 147 of Title IV (Specific Taxes) of the National Internal Revenue Code of 1977, as amended.
Date of Effectivity : March 29, 1984
Details
Amends
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Amended by
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Executive Orders
Amending Sections 145, 146 and 147 of Title Iv (Specific Taxes) of the National Internal Revenue Code of 1977, as Amended
Executive Order No. 947
Summary of Executive Order No. 947
Amending Sections 145, 146 and 147 of Title IV (Specific Taxes) of the National Internal Revenue Code of 1977
- Section 145 (Excise Tax on Manufactured Oils and Other Fuels):
• Imposes an excise tax on manufactured oils and other fuels based on specified rates per liter or kilogram. (Section 145)
• The tax rates are provided for various types of oils and fuels, including lubricating oils, processed gas, wax, denatured alcohol, and others. (Section 145)
• Defines the terms "manufactured oils" and "other fuels" for the purpose of this section. (Section 145)
- Section 146 (Excise Tax on Mineral Products):
• Imposes an excise tax on mineral products based on specified rates per metric ton. (Section 146)
• The tax rates are provided for various mineral products, including coal, coke, and others. (Section 146)
• Defines the terms "coal" and "coke" for the purpose of this section. (Section 146)
- Section 147 (Excise Tax on Indigenous Petroleum):
• Imposes an excise tax on indigenous petroleum based on a specified rate per metric ton. (Section 147)
• Defines the term "indigenous petroleum" for the purpose of this section. (Section 147)
Amending Sections 145, 146 and 147 of Title IV (Specific Taxes) of the National Internal Revenue Code of 1977
- Section 145 (Excise Tax on Manufactured Oils and Other Fuels):
• Imposes an excise tax on manufactured oils and other fuels based on specified rates per liter or kilogram. (Section 145)
• The tax rates are provided for various types of oils and fuels, including lubricating oils, processed gas, wax, denatured alcohol, and others. (Section 145)
• Defines the terms "manufactured oils" and "other fuels" for the purpose of this section. (Section 145)
- Section 146 (Excise Tax on Mineral Products):
• Imposes an excise tax on mineral products based on specified rates per metric ton. (Section 146)
• The tax rates are provided for various mineral products, including coal, coke, and others. (Section 146)
• Defines the terms "coal" and "coke" for the purpose of this section. (Section 146)
- Section 147 (Excise Tax on Indigenous Petroleum):
• Imposes an excise tax on indigenous petroleum based on a specified rate per metric ton. (Section 147)
• Defines the term "indigenous petroleum" for the purpose of this section. (Section 147)