Amendment to Act No. 1537, as Amended
Act No. 4068, approved on September 11, 1933, amends previous legislation to allow the Philippine Antituberculosis Society to hold horse races with betting on specific Sundays throughout the year for charitable purposes. The act specifies that if a race date coincides with a race by the Manila Jockey Club, the latter may hold its race the following Sunday. Profits from these races, after deducting certain expenses, must exclusively benefit the Antituberculosis Society, which is also exempt from municipal and insular taxes related to these events. This amendment aims to support the society’s charitable activities through organized horse racing events.
Quick Answers
- What is Amendment to Act No. 1537, as Amended about?
- Act No. 4068, approved on September 11, 1933, amends previous legislation to allow the Philippine Antituberculosis Society to hold horse races with betting on specific Sundays throughout the year for charitable purposes. The act specifies that if a race date coincides with a race by the Manila Jockey Club, the latter may hold its race the following Sunday. Profits from these races, after deducting certain expenses, must exclusively benefit the Antituberculosis Society, which is also exempt from municipal and insular taxes related to these events. This amendment aims to support the society’s charitable activities through organized horse racing events.
- What type of law is Act No. 4068?
- Amendment to Act No. 1537, as Amended (Act No. 4068) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Amendment to Act No. 1537, as Amended enacted?
- Amendment to Act No. 1537, as Amended (Act No. 4068) was enacted on Sep 11, 1933.
- What is the citation for Amendment to Act No. 1537, as Amended?
- Amendment to Act No. 1537, as Amended, Act No. 4068, Sep 11, 1933 (Philippines)
Law Information
- Reference Number
- Act No. 4068
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
September 11, 1933
ACT NO. 4068
AN ACT TO AMEND ACT NUMBERED FIFTEEN HUNDRED AND THIRTY-SEVEN OF THE PHILIPPINE COMMISSION, AS AMENDED BY ACT NUMBERED FIFTEEN HUNDRED AND NINETY-NINE OF SAID COMMISSION, AND ACT NUMBERED EIGHTEEN HUNDRED AND FOUR OF THE PHILIPPINE LEGISLATURE, AS AMENDED BY ACT NUMBERED THIRTY-NINE HUNDRED AND TWENTY-THREE, PERMITTING THE HOLDING OF HORSE RACES ON CERTAIN DAYS OF THE YEAR
SECTION 1. Subsection (b) of section one of Act Numbered Fifteen hundred and thirty-seven, as amended by section one of Act Numbered Fifteen hundred and ninety-nine and section one of Act Numbered Eighteen hundred and four, as amended by section one of Act Numbered Thirty-nine hundred and twenty-three, is hereby further amended so that the proviso added by Act Numbered Thirty-nine hundred and twenty-three shall read as follows:
"Provided, That the Philippine Antituberculosis Society is permitted to hold horse races, with betting, for charitable purposes, on the third Sunday of January, the third Sunday of May, the third Sunday of June, the third Sunday of September, the third Sunday of October, and the third Sunday of December of each year: Provided, however, That whenever any of the dates set herein coincides with the date in which the Manila Jockey Club has the right to hold a race the said club shall be authorized to hold that race the following Sunday: Provided, further, That all profits from the holding of such races, after deducting the expenses, not to exceed fifteen per centum of the gross earnings plus the prizes for the horses, which shall not exceed those usually given for races of this kind, shall accrue exclusively to the funds of the Philippine Antituberculosis Society: And provided, finally, That said society shall be exempt from the payment of municipal and insular taxes for holding said races."
SECTION 2. This Act shall take effect upon its approval.
Approved, September 11, 1933.
Cite This Law
Amendment to Act No. 1537, as Amended, Act No. 4068, Sep 11, 1933 (Philippines)
Amendment to Act No. 1537, as Amended, Act No. 4068 (Phil. 1933)
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