Extending the Effectivity of R.A. No. 589 Re: Amendment to the NIRC

June 15, 1954 REPUBLIC ACT NO. 1090 AN ACT TO EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND EIGHTY-NINE, BY FURTHER AMENDING SECTION SEVEN THEREOF, ENTITLED "AN ACT TO AMEND SECTIONS ONE HUNDRED AND THIRTY-THREE, ONE HUNDRED AND THIRTY- FOUR, ONE HUNDRED AND THIRTY FIVE, ONE HUNDRED AND THIRTY-SEVEN, ONE HUNDRED AND FORTY, AND ONE HUNDRED AND FORTY-SEVEN OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED" SECTION 1. Section seven of Republic Act Numbered Five hundred and eighty-nine, as amended by Republic Act numbered Seven hundred and twenty-four, and Republic Act Numbered Nine hundred and fifty-five, is further amended to read as follows: "SEC. 7. This Act shall take effect upon its approval, but, unless otherwise expressly extended by Congress, the increased rates of tax provided for in this Act shall continue in force and effect until December thirty-one nineteen hundred and fifty-five." acd SECTION 2. This Act shall take effect upon its approval. Approved: June 15, 1954 Published in the Official Gazette, Vol. 50, No. 7, p. 2981 in July 1954