REPUBLIC ACT NO. 726 - AN ACT TO EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED EIGHTY-EIGHT, BY AMENDING SECTION EIGHT THEREOF, ENTITLED "AN ACT AMEND CERTAIN SECTIONS OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE."
[ REPUBLIC ACT NO. 726, June 06, 1952 ]
AN ACT TO EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED EIGHTY-EIGHT, BY AMENDING SECTION EIGHT THEREOF, ENTITLED "AN ACT AMEND CERTAIN SECTIONS OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE."
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
SECTION 1. Section eight of Republic Act Numbered Five hundred eighty-eight is amended to read as follows:
"SEC. 8. This Act shall take effect upon its approval, put unless otherwise expressly extended by Congress, the increased tax provided for in this Act shall continue in force and effect only until December thirty-one, nineteen hundred and fifty-three, after which period the original rates of tax shall again be in force."
SEC. 2. This Act shall take effect upon its approval.
Approved, June 6, 1952.
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