Amending R.A. No. 600 Re: Graduated Scale for Income Tax on Corporations
Republic Act No. 1505 • Statutes • Republic Acts • Jun 16, 1956
Full text
June 16, 1956 REPUBLIC ACT NO. 1505 AN ACT TO AMEND SECTION THREE OF REPUBLIC ACT NUMBERED SIX HUNDRED, 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," TO MAKE THE RATES PRESCRIBED THEREIN PERMANENT SECTION 1. Section three of Republic Act Numbered Six hundred, as amended by Republic Act Numbered Eight hundred and sixty-eight, Republic Act Numbered One thousand sixty-five, and Republic Act Numbered One thousand two hundred ninety-one, is further amended to read as follows: cd "Sec. 3. The provisions of this Act shall apply to income received from January first, nineteen hundred and fifty-one." SECTION 2. This Act shall take effect upon its approval. Approved: June 16, 1956 cd Published in the Official Gazette, Vol. 52, No. 9, p. 4184 on August 16, 1956
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.