Extension of Effectivity of R.A. No. 600 (Graduated Scale for Income Tax on Corporations)

June 12, 1954 REPUBLIC ACT NO. 1065 AN ACT EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED SI X HUN DRED, ENTITLED "AN ACT TO PRESCRIBE A GRADUATED SCALE FOR THE INCOME TAX ON CORPORATIONS BY AMENDING SECTIONS TWENTY-FOUR AND FIFTY-FOUR OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES" SECTION 1. Section three of Republic Act Numbered Six hundred, as amended by Republic Act Numbered Eight hundred and sixty-eight, is further amended to read as follows: aisa dc "SEC. 3. The provisions of this Act shall apply to income received from January first, nineteen hundred and fifty-one to December thirty-one, nineteen hundred and fifty-five, after the expiration of which later date the provisions of sections twenty-four and fifty-four of the National Internal Revenue Code, as amended, shall again be in full force and effect." SECTION 2. This Act shall take effect upon its approval. Approved: June 12, 1954 Published in the Official Gazette, Vol. 50, No. 7, p. 2956 in July 1954