ChanRobles Virtual law Library
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.
Republic Acts :
REPUBLIC ACTS
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REPUBLIC ACT NO. 755 - AN ACT TO
AMEND SECTION ONE HUNDRED FORTY-TWO OF COMMONWEALTH ACT NUMBERED FOUR
HUNDRED AND SIXTY-SIX RELATIVE TO SPECIFIC TAX ON MANUFACTURED OILS AND
OTHER FUELS |
Section 1.
Section one hundred forty-two of Commonwealth Act Numbered Four hundred
and sixty-six is hereby amended by adding a new paragraph under
subsection (d) thereof, which paragraph shall read as follows: "Whenever any of the oils
mentioned above are, during the five years from the effective date of
this amendatory Act, used in agriculture and aviation, fifty per centum
of the specific tax paid thereon shall be refunded by the Collector of
Internal Revenue upon the submission of the following: Sec. 2. This Act shall take effect upon its approval. Approved: June 18, 1952 |
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