BIR Ruling No. 067-63

September 23, 1963 BIR RULING NO. 067-63 Hon. Feliciano Leviste Provincial Governor Batangas, Batangas S i r : This has reference to your letter of the 20th instant addressed to the Batangas Provincials Fiscal, Treasurer, and Auditor which was forwarded to this Office for comment. prll You suggested that the whole amount of P900,000.00 excess income tax allocated for the fiscal year 1963-1964 to the province of Batangas, pursuant to R. A. No. 2343, be made to accrue entirely to the general fund instead of giving one-half of said amount to the road and bridge funds. While it is true that Section 360 of the Tax Code, as amended by R. A. No. 2343, it is silent as to the allocation of the excess tax collections, Section 364 of the same Code, however, provides as follows: "The provincial allotment shall be distributed among the provinces, and shall accrue in equal proportions to their general funds and road and bridge funds." In view of the foregoing, this Office regrets to inform you that the excess income tax allocated to the province of Batangas for the fiscal year 1963-1964 will be apportioned in accordance with Section 364 of the Tax Code. cdta Very truly yours, (SGD.) JOSE B. LINGAD Acting Commissioner of Internal Revenue