H. No. 6175 / 53 OG No. 17, 5581 (September 15, 1957
"SEC. 260—C. Certain boxing exhibitions exempted.—Boxing exhibitions wherein world championship in any division is at stake shall be exempt from amusement tax: Provided, That at least one of the contenders for world championship is a citizen of the Philippines, and said exhibitions are promoted by a citizen or citizens of the Philippines or by a corporation or association a t least sixty per cent or the capital of whichis owned by such citizens."SEC. 2. This Act shall take effect upon its approval.