Amusement Tax Exemption to Athletic Meets, School Programs and Exhibitions
Republic Act No. 1284, enacted on June 14, 1955, amends the National Internal Revenue Code to exempt public schools from amusement tax for athletic meets, school programs, exhibitions, and other educational activities that charge admission fees. The net proceeds from these activities must be allocated to the school's athletic or library fund, as determined by school authorities. This law aims to support educational initiatives by alleviating financial burdens related to amusement taxes. The Act took effect immediately upon its approval.
Law Information
- Reference Number
- Republic Act No. 1284
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 14, 1955
REPUBLIC ACT NO. 1284
AN ACT TO EXEMPT FROM AMUSEMENT TAX ALL ATHLETIC MEETS, SCHOOL PROGRAMS AND EXHIBITIONS, AND OTHER EDUCATIONAL ACTIVITIES CONDUCTED BY PUBLIC SCHOOLS, BY AMENDING THE NATIONAL INTERNAL REVENUE CODE
SECTION 1. The National Internal Revenue Code is hereby amended by inserting between section two hundred sixty-A and section two hundred sixty-one thereof the following new section:
"SEC. 260-B. Athletic meets, school programs and exhibitions, and other educational activities conducted by public schools exempted. — All athletic meets, school programs and exhibitions, and other educational activities conducted by any public school to which admission fees are charged shall be exempt from amusement tax: Provided, That the net proceeds therefrom shall accrue to the athletic fund or library fund of the school in the discretion of the school authorities.
SECTION 2. This Act shall take effect upon its approval.
Approved: June 14, 1955
Published in the Official Gazette, Vol. 51, No. 7, p. 3353 in July 1955
Cite This Law
Amusement Tax Exemption to Athletic Meets, School Programs and Exhibitions, Republic Act No. 1284, Jun 14, 1955 (Philippines)
Amusement Tax Exemption to Athletic Meets, School Programs and Exhibitions, Republic Act No. 1284 (Phil. 1955)
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