ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
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REPUBLIC ACT NO. 1291 - AN
ACT TO AMEND SECTION THREE OF REPUBLIC ACT NUMBERED SIX HUNDRED,
ENTITLED "AN ACT TO PRESCRIBE A GRADUATED SCALE FOR THE INCOME TAX ON
CORPORATIONS BY AMENDING SECTION TWENTY-FOUR AND FIFTY-FOUR OF
COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN
AS THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER
PURPOSES" |
Section 1.
Section three of Republic Act Numbered Six hundred, as amended by
Republic Act Numbered Eight hundred and sixty-eight, and Republic Act
Numbered One thousand sixty-five, is further amended to read as
follows:
Sec. 2. The provisions of this Act shall apply to income received from January first, nineteen hundred and fifty-one to December thirty-one, nineteen hundred and fifty-seven, after the expiration of which later date the provisions of sections twenty-four and fifty-four of the National Internal Revenue Code, as amended, shall again be in full force and effect. Sec. 3. This Act shall take effect upon its
approval.cralaw Approved: June 15, 1955 |