Republic Act No. 153: An act to amend section two hundred and sixty-five of commonwealth act numbered four hundred and sixty-six, known as the national internal revenue code

Republic Act No. 153

An act to amend section two hundred and sixty-five of commonwealth act numbered four hundred and sixty-six, known as the national internal revenue code

An Act to Amend Section Two Hundred and Sixty-Five of Commonwealth Act Numbered Four Hundred and Sixty-Six, Known as the National Internal Revenue Code

In plain language

Amends Section 265 of the National Internal Revenue Code to specify charges on firewood cut in public forests and to clarify eligible wood types.

Charges on firewood cut in public forests are specified for different wood types and quantities.

Amendment to Section 265 of the National Internal Revenue Code.

tax law

forest policy

firewood

National Internal Revenue Code

Republic Act

1947

REPUBLIC ACT No. 153

An Act to Amend Section Two Hundred and Sixty-Five of Commonwealth Act Numbered Four Hundred and Sixty-Six, Known as the National Internal Revenue Code

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Section two hundred and sixty-five of Commonwealth Act Numbered Four hundred sixty-six, known as the National Internal Revenue Code, is hereby amended to read as follows:

> "Sec. 265. Charges on firewood cut in the public forest. On firewood cut in the forests and forest reserves, the following charges shall be collected: > > On bacauan, langaray, pototan, and tangal, per cubic meter, forty centavos. > > On other woods, per cubic meter, twenty centavos. > > Only third or fourth-group wood can be taken for firewood. However, at the discretion of the Director of Forestry, first and second-group woods may be removed for firewood purposes from land which is more valuable for agricultural than for forest purposes."

Section 2

This Act shall take effect upon its approval.

Approved: June 14, 1947.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.