By authority of the United States, be it enacted by the Philippine Legislature, that:

SECTION 1. All unpaid taxes on machinery attached to and forming a part of real estate which accrued prior to January first, nineteen hundred and twelve, are hereby remitted.

SEC. 2. No tax shall be levied upon agricultural machinery attached to and a part of real estate unless it exceeds in value two hundred pesos.

SEC. 3. The public good requiring the speedy enactment of this bill, the same shall take effect on its passage, in accordance with section one of Act Numbered Nineteen hundred and forty-five of the Philippine Legislature.

Enacted, February 6, 1912.