Amendment to C.A. No. 466 Re: Equal Incentives to Agricultural, Fisheries, Minerals and Mineral Products

June 17, 1967 REPUBLIC ACT NO. 4888 AN ACTAMENDING SUBPARAGRAPH (c) OF THE FIRST PARAGRAPH OF SECTION ONE HUNDRED EIGHTY EIGHT OF COMMONWEALTH ACT NUMBERED FOURHUNDRED SIXTY SIX AS AMENDED (RE: EQUAL INCENTIVESTO AGRICULTURAL, FISHERIES, MINERALS, AND MINERALPRODUCTS) SECTION 1. Subparagraph (c) of the first paragraph of Section one hundred eighty-eight of Commonwealth Act Numbered Four hundred sixty-six, as amended is hereby further amended as follows: "Sec. 188. Transactions and persons not subject to percentage tax . In computing the tax imposed in Sections One hundred eighty-four, One hundred eighty-five, and Hundred eighty-six transactions in the following commodities shall be excluded: "(a) . . . "(b) . . . "(c) Minerals and mineral products, whether in their original state or not when sold, bartered, or exchanged by the lessee, concessionaire or owner of the mineral land from which removed. acd xxx xxx xxx SECTION 2. This Act shall take effect upon its approval. Approved: June 17, 1967 Published in the Official Gazette, Vol. 63, No. 45, p. 10093 on November 6, 1967