REPUBLIC ACT NO. 4888 - AN ACT AMENDING SUBPARAGRAPH (c) OF THE FIRST PARAGRAPH OF SECTION ONE HUNDRED EIGHTY EIGHT OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED SIXTY SIX AS AMENDED (RE: EQUAL INCENTIVES TO AGRICULTURAL, FISHERIES, MINERALS, AND MINERAL PRODUCTS)

Section 1.    Subparagraph (c) of the first paragraph of Section one hundred eighty-eight of Commonwealth Act Numbered Four hundred sixty-six, as amended is hereby further amended as follows:

"Sec. 188.    Transactions and persons not subject to percentage tax. — In computing the tax imposed in Section s One hundred eighty-four, One hundred eighty-five, and Hundred eighty-six transactions in the following commodities shall be excluded:

"(a)    . . .

"(b)    . . .

"(c)    Minerals and mineral products, whether in their original state or not when sold, bartered, or exchanged by the lessee, concessionaire or owner of the mineral land from which removed.

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Sec. 2.    This Act shall take effect upon its approval.

Approved: June 17, 1967