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| REPUBLIC ACT NO. 1505 - AN ACT TO
AMEND SECTION THREE OF REPUBLIC ACT NUMBERED SIX HUNDRED, ENTITLED "AN
ACT TO PRESCRIBE A GRADUATED SCALE FOR THE INCOME TAX ON CORPORATIONS
BY AMENDING SECTION TWENTY-FOUR AND FIFTY-FOUR OF COMMONWEALTH ACT
NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL
INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES," TO MAKE THE
RATES PRESCRIBED THEREIN PERMANENT |
| Section 1.
Section three of Republic Act Numbered Six hundred, as amended by
Republic Act Numbered Eight hundred and sixty-eight, Republic Act
Numbered One thousand sixty-five, and Republic Act Numbered One
thousand two hundred ninety-one, is further amended to read as follows: "Section 3. The
provisions of this Act shall apply to income received from January
first, nineteen hundred and fifty-one."
Section 2. This Act shall take effect upon its approval. Approved: June 16, 1956 |
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