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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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Section 1. In order to compensate the provinces, sub provinces, chartered cities, municipalities, and municipal districts for the loss which they incur in their respective revenues on account of the abolition of the cedula tax, there is hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, the sum of five million pesos, or so much thereof as may be necessary, to be distributed by the Secretary of Finance among the provinces, sub provinces, chartered cities, municipalities, and municipal districts on the basis of the yearly average of their shares in the proceeds of the cedula tax collected during the years nineteen hundred and thirty-three, nineteen hundred and thirty-four, nineteen hundred and thirty-five, nineteen hundred and thirty-six, and nineteen hundred thirty-seven. Section 2. Section 3. |
Since 19.07.98.