Share of Municipalities in the Proceeds of Certain Internal Revenue Taxes

June 18, 1952 REPUBLIC ACT NO. 745 AN ACT TO GIVE THE MUNICIPALITIES A SHARE IN THE PROCEEDS OF CERTAIN INTERNAL REVENUE TAXES, BY AMENDING SUBSECTIONS (a) AND (b) OF SECTION EIGHT OF COMMONWEALTH ACT NUMBERED FIVE HUNDRED AND EIGHTY-SIX Subsections (a) and (b) of section eight of Commonwealth Act Numbered Five hundred and eighty-six are amended to read as follows: "(a) Three-sevenths of the proceeds of internal revenue taxes due from proprietors or operators of rope factories, sugar centrals, rice mills, corn mills, coconut oil mills, and desiccated coconut factories prescribed in section one hundred and eighty-nine of said Code shall accrue to the provinces, one-seventh to the municipal governments, and the remaining three-sevenths to the National Government. The apportionment of the provincial and municipal allotments shall be based on population as shown by the latest official census. "(b) Two per centum of the proceeds of the tax on income shall accrue to the provinces, one per centum to the municipalities and the remainder to the National Government." SECTION 2. This Act shall take effect on July one, Nineteen Hundred and Fifty-Two. Approved: June 18, 1952 Published in the Official Gazette, Vol . 48, No . 7 in July 1952