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H. No. 1299 / 50 OG No. 7, 2981 (July, 1954)
[ REPUBLIC ACT NO. 1091, June 15, 1954 ]
AN ACT TO EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND EIGHTY-EIGHT, BY FURTHER AMENDING SECTION EIGHT THEREOF, ENTITLED "AN ACT TO AMEND CERTAIN SECTIONS OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED."
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 and eighty-eight, as amended by Republic Act Numbered Seven hundred and twenty-six and Republic Act Numbered Nine hundred and fifty-eight, is further amended to read as follows:
Approved, June 15, 1954.
SECTION 1. Section eight of Republic Act Numbered Five hundred and eighty-eight, as amended by Republic Act Numbered Seven hundred and twenty-six and Republic Act Numbered Nine hundred and fifty-eight, is further amended to read as follows:
"SEC. 8. This Act shall take effect upon its approval, but, unless otherwise expressly extended by Congress, the increased taxes provided for in this Act shall continue force and effect only until December thirty-one, nine-hundred and fifty-five, 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 15, 1954.