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Batas Pambansa Bilang 226

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BATAS PAMBANSA BILANG. 226

BATAS PAMBANSA BLG. 226 - AN ACT INCREASING THE REGISTRATION FEES ON LARGE CATTLE BY AMENDING Sec. 20 (c) OF THE LOCAL TAX CODE, AS AMENDED, AND FOR OTHER PURPOSES

Section 1.Subparagraph (c), Sec. 20, Article 2, Chapter II of Presidential Decree Numbered Two hundred thirty-one, otherwise known as the Local Tax Code, is hereby amended to read as follows:

"(c)Registration fees on large cattle:

(1) Original certificate of ownership P5.00

(2) Transfer certificate of ownership P10.00

Sec. 2. The President of the Philippines upon the recommendation of the Prime Minister, after public hearing, whenever the cost for registering large cattle so demands, may increase the rates of registration fees by not more than fifty percent or decrease the same by not more than ten percent.

Sec. 3. The Minister of Finance shall, with the approval of the Prime Minister, issue such rules and regulations for the effective implementation of this Act, which shall take effect fifteen days following its publication in a newspaper of general circulation in the Philippines.

Sec. 4. The provisions of Sec. 6, of Presidential Decree Numbered Nine hundred fourteen and other laws, acts, decrees, executive orders, proclamations, regulations or parts thereof which are inconsistent herewith are hereby repealed or modified accordingly.

Sec. 5. This Act shall take effect upon its approval.

Approved: April 16, 1982. (P.B. No. 1516)

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