The House Committee on Ways and Means approved on Monday a substitute bill seeking to increase the Motor Vehicle Road Users’ Tax for a period of three years starting next year.
The substitute measure, which is a consolidation of five measures, is expected to generate an annual incremental revenue of P9 billion during the first year of implementation, Salceda said. Aside from Salceda, Deputy Speaker and Camarines Sur Rep. Luis Raymund Villafuerte Jr., Quezon City Rep. Alfred Vargas, and Marikina Rep. Stella Quimbo authored the bill.
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