Act No. 1897
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW
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ACT NO. 1897
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Since 19.07.98.
ACTS
| ACT NO. 1897 - AN ACT AMENDING
SUBSECTION FOUR OF SECTION ONE HUNDRED AND FORTY-FOUR OF ACT NUMBERED
ELEVEN HUNDRED AND EIGHTY-NINE, KNOWN AS "THE INTERNAL REVENUE LAW OF
NINETEEN HUNDRED AND FOUR," INCREASING THE LICENSE TAX ON PAWNBROKERS |
| Section 1. Subsection number four of section one hundred and
forty-four of Act Numbered Eleven hundred and eighty-nine, known as
"The Internal Revenue Law of Nineteen hundred and four," is hereby
amended to read as follows: "4. Every
pawnbroker shall pay four hundred pesos. Every person, firm, or company
whose business or occupation it is to take or receive by way of pledge
or pawn, any goods, wares, or merchandise or any kind of personal
property whatever, except agricultural products, as security for the
repayment of money loaned thereon, shall be regarded as a pawnbroker." Sec. 2. This Act shall take effect on July first, nineteen hundred and nine. |
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