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| REPUBLIC ACT NO. 955 - AN ACT TO
EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND
EIGHTY-NINE, BY FURTHER AMENDING Sec. SEVEN THEREOF, ENTITLED "AN ACT
TO AMEND Sec.S ONE HUNDRED AND THIRTY-THREE, ONE HUNDRED AND
THIRTY-FOUR, ONE HUNDRED AND THIRTY-FIVE, ONE HUNDRED AND THIRTY-SEVEN,
ONE HUNDRED AND FORTY, AND ONE HUNDRED AND FORTY-SEVEN OF COMMONWEALTH
ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE
NATIONAL INTERNAL REVENUE CODE, AS AMENDED" |
| Section 1.
Section seven of Republic Act Numbered Five hundred and eighty-nine, as
amended by Republic Act Numbered Seven hundred and twenty-four, is
further amended to read as follows: "Section 7.
This Act shall take effect upon its approval but, unless otherwise
expressly extended by Congress, the increased rates of tax provided for
in this Act shall continue in force and effect only until December
thirty-one, nineteen hundred and fifty-four, after which period the
actual rates of tax shall again be in force."
Section 2. This Act shall take effect upon its approval. Approved: June 20, 1953 |
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