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Republic Act
Approved June 17, 1961

Republic Act No. 3051

An act to amend certain sections of republic act numbered six hundred and thirty-two, as amended, entitled "an act creating the philippine sugar institute, prescribing its powers, functions and duties, and providing for the raising of the necessary funds for its operations"

An Act to Amend Certain Sections of Republic Act Numbered Six Hundred and Thirty-Two, as Amended, Entitled "An Act Creating the Philippine Sugar Institute, Prescribing its Powers, Functions and Duties, and Providing for the Raising of the Necessary Funds for its Operations"

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In plain language

This act amends Section 15 of Republic Act No. 632 by allocating 50% of the proceeds from the percentage tax on sugar centrals to the Sugar Research and Stabilization Fund, with the remaining 50% also accruing to the Fund unless transferred to the Sugar Quota Administration, subject to a 50% cap on salaries of officials. The act takes effect upon its approval on June 17, 1961.

  • 50% of the proceeds of the percentage tax on sugar centrals accrues to the Sugar Research and Stabilization Fund.
  • The remaining 50% also accrues to the Fund unless transferred to the Sugar Quota Administration.
  • Not more than 50% of all proceeds may be used for salaries of officials and employees.
  • The Act takes effect upon its approval.
sugar industry
taxation
agriculture
Philippines
Republic Act

REPUBLIC ACT No. 3051

An Act to Amend Certain Sections of Republic Act Numbered Six Hundred and Thirty-Two, as Amended, Entitled "An Act Creating the Philippine Sugar Institute, Prescribing its Powers, Functions and Duties, and Providing for the Raising of the Necessary Funds for its Operations"

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

Section 1

Section fifteen of Republic Act Numbered Six hundred and thirty-two, as amended, is hereby further amended, to read as follows:

"Sec. 15. Capitalization. -Fifty per centum of the proceeds of the percentage tax levied on proprietors or operators of sugar centrals under Section one hundred eighty-nine of Commonwealth act Numbered Four hundred sixty-six, otherwise known as the National Internal Revenue Code, as amended, shall, upon approval of this Act, accrue to the Sugar Research and Stabilization Fund as provided in Section sixteen of this Act. The remaining fifty per centum of the said proceeds shall likewise accrue to the Sugar Research and Stabilization Fund, unless the Philippine Sugar Institute, in its discretion, transfers and gives the same or part thereof as a yearly aid to the Sugar Quota Administration to be used for the payment of salaries of additional personnel and the purchase of equipment, supplies and materials, for the purpose of accomplishing the efficient performance of the duties of the Sugar Quota Administration. Said percentage tax shall constitute a lien on the sugar quedans and/or warehouse receipts and shall be paid immediately to the Commissioner of the Bureau of Internal Revenue: Provided, However, That not more than fifty per centum of all the proceeds shall be used for salaries of its officials and employees.

Section 2

This Act shall take effect upon its approval.

Approved: June 17, 1961.

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.