Republic Act No. 4909: An act exempting from income tax the ten thousand dollars prize of miss gemma cruz as miss international

In plain language

This act declares the ten thousand dollars prize received by Miss Gemma Cruz as Miss International to be exempt from income tax, notwithstanding any contrary provisions of the National Internal Revenue Code. The act takes effect upon approval.

Exemption of the ten thousand dollars prize from income tax

Section 1 specifies that the prize shall not be included in gross income

Section 2 provides that the act takes effect upon approval

Income Tax

Exemption

Prize

Miss International

REPUBLIC ACT No. 4909

AN ACT EXEMPTING FROM INCOME TAX THE TEN THOUSAND DOLLARS PRIZE OF MISS GEMMA CRUZ AS MISS INTERNATIONAL

Section 1

The ten thousand dollars prize of Miss Gemma Cruz as Miss International, donated by her to Boys Town, shall not be included in gross income and shall be exempt from income tax, any provision of the National International Revenue Code to the contrary notwithstanding.

Section 2

This Act shall take effect upon its approval.

Approved: June 17, 1967

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.