Act No. 1471
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW
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ACT NO. 1471
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Since 19.07.98.
ACTS
| ACT NO. 1471 - AN ACT AMENDING
SECTION SEVENTY-FOUR OF THE INTERNAL REVENUE LAW OF NINETEEN HUNDRED
AND FOUR, AS AMENDED BY ACT NUMBERED THIRTEEN HUNDRED AND THIRTY-EIGHT |
| Section 1. Section
seventy-four of Act Numbered Eleven hundred and eighty-nine, entitled
"The Internal Revenue Law of nineteen hundred and four," as amended by
paragraph (c) of section one of Act Numbered Thirteen hundred and
thirty-eight, is hereby further amended by adding at the end thereof
the following provisions: "AND
PROVIDED FURTHER, That the tax imposed in this section shall not be
collected on distilled spirits manufactured in the Philippine Islands
and withdrawn from distilleries or bonded warehouses for the purpose of
sale to the United States Army or Navy for industrial purposes, as the
mixing with shellac, varnishes, or paints, and for similar purposes,
and which shall be actually so used by the military and naval forces of
the United States Government in the Philippine Islands, or waters
adjacent thereto: AND PROVIDED FURTHER, That the Collector of Internal
Revenue shall issue such rules and regulations in the manner prescribed
in section thirty-six of this Act as will be necessary to carry into
effect the provisions of this section." Sec. 2. The public good requiring the speedy enactment of this bill, the passage of the same is hereby expedited in accordance with section two of "An Act prescribing the order of procedure by the Commission in the enactment of laws," passed September twenty-sixth, nineteen hundred. Sec. 3. This Act shall take effect on its passage. |
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Since 19.07.98.
