Amendment to Grant of Franchise to Mackay Radio and Telegraph Company of California
Act No. 3590, approved on November 29, 1929, amends Section 10 of Act No. 3513, which granted the Mackay Radio and Telegraph Company a franchise to operate in the Philippines. The amendment specifies that the company is responsible for paying the same real property taxes as other entities and mandates an annual payment of 1.5% of its gross receipts from franchise-related business to the Insular Treasurer. This payment is established as the sole tax on the franchise or its earnings. The law takes effect upon approval.
Law Information
- Reference Number
- Act No. 3590
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 29, 1929
ACT NO. 3590
AN ACT AMENDING SECTION TEN OF ACT NUMBERED THREE THOUSAND FIVE HUNDRED AND THIRTEEN GRANTING TO THE MACKAY RADIO AND TELEGRAPH COMPANY OF CALIFORNIA A FRANCHISE TO CONSTRUCT, MAINTAIN AND OPERATE IN THE PHILIPPINE ISLANDS STATIONS FOR THE RECEPTION AND TRANSMISSION OF WIRELESS, LONG DISTANCE MESSAGES AND PRESCRIBING THE CONDITIONS OF THE SAME
SECTION 1. Section ten of Act Numbered Three thousand five hundred and thirteen is hereby amended to read as follows:
"SEC. 10. The grantee shall be liable to pay the same taxes on its real property, exclusive of the franchise, as other persons or corporations are now or hereafter may be required by law to pay. The grantee shall further pay to the Insular Treasurer each year, within ten days after the audit and approval of the accounts as prescribed in section nine of this Act, one and one-half per centum of all gross receipts from business transacted under this franchise by the said grantee in the Philippine Islands, and the said percentage shall be in lieu of all taxes on the franchise or earnings thereof."
SECTION 2. This Act shall take effect upon its approval.
Approved, November 29, 1929.
Cite This Law
Amendment to Grant of Franchise to Mackay Radio and Telegraph Company of California, Act No. 3590, Nov 29, 1929 (Philippines)
Amendment to Grant of Franchise to Mackay Radio and Telegraph Company of California, Act No. 3590 (Phil. 1929)
Related Laws
- Transfer of Franchise of Mackay Radio and Telegraph Co. of California to Mackay Radio and Telegraph Co. of DelawareRepublic Act No. 873 • Jun 16, 1953 • Statutes
- Grant of Franchise to Mackay Radio and Telegraph Company of California (Reception and Transmission of Wireless Long Distance Messages)Act No. 3513 • Dec 8, 1928 • Statutes
- Sale of Franchise Rights of MacKay Radio and Telegraph Co. to Globe Wireless, Ltd.Republic Act No. 4491 • Jun 19, 1965 • Statutes
- Grant of Communications Systems Franchise to Globe-Mackay Cable and Radio Corp.Batas Pambansa Blg. 95 • Dec 24, 1980 • Statutes
- Grant of Franchise to The Eastern Extension Australasia and China Telegraph Company Limited (Submarine Telegraph Cable)Republic Act No. 808 • Jun 21, 1952 • Statutes
- Grant of Franchise to The Negros Telephone and Telegraph Company (Telephone System)Act No. 3317 • Dec 4, 1926 • Statutes
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