Republic Act No. 966: An act to extend the effectivity of republic act numbered five hundred and eighty-eight, by further amending section eight thereof, entitled "an act to amend certain sections of commonwealth act numbered four hundred and sixty-six, otherwise known as the national internal revenue code.",

Republic Act No. 966

An act to extend the effectivity of republic act numbered five hundred and eighty-eight, by further amending section eight thereof, entitled "an act to amend certain sections of commonwealth act numbered four hundred and sixty-six, otherwise known as the national internal revenue code.",

AN ACT TO EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND EIGHTY-EIGHT, BY FURTHER AMENDING SECTION EIGHT THEREOF, ENTITLED "AN ACT TO AMEND CERTAIN SECTIONS OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE.",

In plain language

This act extends the effectivity of Republic Act No. 588 by amending Section 8, specifying that the increased taxes remain in force until December 31, 1954, after which the original tax rates resume, and it takes effect upon approval.

Amends Section 8 of RA 588 to specify effectivity upon approval and extended taxes until December 31, 1954.

The act takes effect upon approval.

Tax

Revenue

Internal Revenue Code

Republic Act

[ REPUBLIC ACT NO. 966, June 20, 1953 ]

AN ACT APPROPRIATING THE SUM OF NINE HUNDRED THOUSAND PESOS TO CARRY OUT THE PROVISIONS OF REPUBLIC ACT NUMBERED EIGHT HUNDRED AND THREE.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

Section 1

The sum of nine hundred thousand pesos is hereby appropriated out of any funds in the National Treasury not otherwise appropriated to carry out the provisions of Republic Act Numbered Eight hundred and three, entitled "An Act to amend sections three and fourteen of Republic Act Numbered Three hundred and forty, otherwise known as the Armed Forces Retirement Law."

Section 2

Any amount remaining unexpended on June thirty, nineteen hundred and fifty-four, shall revert to the unappropriated surplus of the General Fund in the National Treasury.

Section 3

This Act shall take effect upon its approval.

Approved, June 20, 1953.

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.