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[ Commonwealth Act No. 124, November 03, 1936 ]
AN ACT TO AMEND SECTION FOUR HUNDRED AND EIGHTY-SEVEN OF ACT NUMBERED TWENTY-SEVEN HUNDRED AND ELEVEN, KNOWN AS THE REVISED ADMINISTRATIVE CODE, AS AMENDED.
Be it enacted by the National Assembly of the Philippines:
SECTION 1. Section f our hundred and eighty-seven of Act Numbered twenty-seven hundred and eleven, known as the Revised Administrative Code, as amended, is hereby further amended to read as follows:
Approved, November 3, 1936.
SECTION 1. Section f our hundred and eighty-seven of Act Numbered twenty-seven hundred and eleven, known as the Revised Administrative Code, as amended, is hereby further amended to read as follows:
"SEC. 487. Disposition of proceeds of cedula tax.—In the province where the cedula tax is fixed at one peso its proceeds shall go equally to the province and municipality wherein collected. In provinces where the tax is fixed at two pesos, the extra peso shall accrue to the school fund of the municipality wherein collected. The proceeds of delinquent payments shall, in either ease, be distributed on the same basis."SEC. 2. This Act shall take effect on January first, nine-teen hundred and thirty-seven.
Approved, November 3, 1936.