PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
REPUBLIC ACT NO. 745 - AN
ACT TO GIVE THE MUNICIPALITIES A SHARE IN THE PROCEEDS OF CERTAIN
INTERNAL REVENUE TAXES, BY AMENDING SUBSECTION (a) AND (b) OF SECTION
EIGHT OF COMMONWEALTH ACT NUMBERED FIVE HUNDRED AND EIGHTY-SIX |
Section 1.
Subsections (a) and (b) of section eight of Commonwealth Act Numbered
Five hundred and eighty-six are amended to read as follows: "(a)
Three-sevenths of the proceeds of internal revenue taxes due from
proprietors or operators of rope factories, sugar centrals, rice mills,
corn mills, coconut oil mills, and desiccated coconut factories
prescribed in section one hundred and eighty-nine of said Code shall
accrue to the provinces, one-seventh to the municipal governments, and
the remaining three-sevenths to the National Government. The
apportionment of the provincial and municipal allotments shall be based
on population as shown by the latest official census.
Sec. 2. This Act shall take effect upon its
approval."(b) Two per centum of the proceeds of the tax on income shall accrue to the provinces, one per centum to the municipalities and the remainder to the National Government." Approved: June 18, 1952 |