Amendment to Subsection (i) of Section 142 of Act No. 1189 (Internal-Revenue Law of 1904)
Act No. 2251, enacted on February 11, 1913, amends subsection (i) of Section 142 of the Internal-Revenue Law of 1904. This amendment includes manufacturers in the categories of merchants, peddlers, and small booth keepers eligible for certain exemptions based on their sales. Specifically, it establishes that those with quarterly sales not exceeding 125 pesos qualify for these provisions. The law takes effect immediately upon its passage.
Law Information
- Reference Number
- Act No. 2251
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 11, 1913
ACT NO. 2251
AN ACT AMENDING SUBSECTION (i) OF SECTION ONE HUNDRED AND FORTY-TWO OF ACT NUMBERED ELEVEN HUNDRED AND EIGHTY-NINE, KNOWN AS THE "INTERNAL-REVENUE LAW OF NINETEEN HUNDRED AND FOUR," BY INCLUDING MANUFACTURERS WITHIN ITS PROVISIONS AND CHANGING THE BASIS OF THE EXEMPTION THEREIN PROVIDED, AND FOR OTHER PURPOSES
SECTION 1. Subsection (i) of section one hundred and forty-two of Act Numbered Eleven hundred and eighty-nine, commonly known as the "Internal-Revenue Law," is hereby amended to read as follows:
"(i) Merchants, peddlers, manufacturers, and small booth keepers, the gross value of whose quarterly sales does not exceed one hundred and twenty-five pesos."
SECTION 2. This Act shall take effect on its passage.
Enacted: February 11, 1913
Cite This Law
Amendment to Subsection (i) of Section 142 of Act No. 1189 (Internal-Revenue Law of 1904), Act No. 2251, Feb 11, 1913 (Philippines)
Amendment to Subsection (i) of Section 142 of Act No. 1189 (Internal-Revenue Law of 1904), Act No. 2251 (Phil. 1913)
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