Republic Act
Approved June 2, 1954

Republic Act No. 996

An act to amend section two of republic act numbered three hundred fifty-eight by withdrawing the exemption granted to the national power corporation from paying real estate tax

An Act to Amend Section Two of Republic Act Numbered Three Hundred Fifty-Eight by Withdrawing the Exemption Granted to the National Power Corporation from Paying Real Estate Tax

In plain language

This act amends Section 2 of Republic Act No. 358 to withdraw the exemption granted to the National Power Corporation from paying real estate tax, thereby restoring the corporation’s obligation to pay such tax.

  • Amendment to Section 2 of RA 358 removing real estate tax exemption for National Power Corporation.
tax
real estate
National Power Corporation
Republic Act
Amendment

REPUBLIC ACT No. 996

An Act Appropriating the Sum of Three Million One Hundred Eighty-Seven Thousand Five Hundred Eighty-Three Pesos and Twenty Five Centavos to Enable the Bureau of Posts to Pay the Balance of its Outstanding Obligation to the Philippine Air Lines, Inc. for Services Rendered by the Latter in the Carriage of Air Mail on its International Routes from March First, Nineteen Hundred and Fifty to March Thirty-First, Nineteen Hundred and Fifty-Four

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

Section 1

The sum of Three million One hundred eighty-seven thousand five hundred eighty-three pesos and twenty-five centavos or so much thereof as may be necessary, is hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, to enable the Bureau of Posts to settle completely the outstanding balance of its obligation to Philippine Air Lines, Inc., for services rendered by the latter in connection with the carriage of Air Mail on its International Routes from March first, nineteen hundred and fifty-four: Provided, that no further obligation of this nature shall be hereafter incurred without previous Congressional Authority.

Section 2

This Act shall take effect upon its approval.

Approved: June 9, 1954.

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.