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BATAS PAMBANSA BILANG. 226BATAS 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thereof which are inconsistent herewith are hereby repealed or modified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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