|REPUBLIC ACT NO. 725 - AN ACT TO
EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND
SIXTY-SEVEN, BY AMENDING SECTION SEVEN THEREOF, ENTITLED "AN ACT TO
AMEND TITLE VI OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND
SIXTY-SIX," OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE |
Section seven of Republic Act Numbered Five hundred and sixty-seven is
amended to read as follows: |
"Sec. 7. This Act shall take effect upon its approval but, unless otherwise expressly extended by Congress, the increased taxes provided for in this Act shall continue in force and effect only until December thirty-one, nineteen hundred and fifty-three, after which period the actual rates of taxes shall again be in force."
Sec. 2. This Act shall take effect upon its approval.
Approved: June 6, 1952