An Act Exempting Certain Bonds of the "Manila Railroad Company of the Philippine Islands" from Taxation
Act No. 2916, approved on March 23, 1920, exempts bonds issued by the Manila Railroad Company of the Philippine Islands and all income derived from these bonds from taxation by the Government of the Philippines and its subdivisions. This legislation aims to encourage investment in the Manila Railroad by providing tax relief. The Act takes effect immediately upon its approval.
Law Information
- Reference Number
- Act No. 2916
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 23, 1920
ACT NO. 2916
AN ACT EXEMPTING CERTAIN BONDS OF THE "MANILA RAILROAD COMPANY OF THE PHILIPPINE ISLANDS" FROM TAXATION
SECTION 1. Any bonds hereafter issued by the "Manila Railroad Company of the Philippine Islands," and all income directly derived therefrom shall be exempt from the payment of any tax of the Government of the Philippine Islands or any division or political subdivision of the same. IAETDc
SECTION 2. This Act shall take effect on its approval.
Approved, March 23, 1920.
Cite This Law
An Act Exempting Certain Bonds of the "Manila Railroad Company of the Philippine Islands" from Taxation, Act No. 2916, Mar 23, 1920 (Philippines)
An Act Exempting Certain Bonds of the "Manila Railroad Company of the Philippine Islands" from Taxation, Act No. 2916 (Phil. 1920)
Related Laws
- An Act to Guarantee the Payment by the Government of the Philippine Islands of the Principal and Interest of Certain Bonds to be Issued by the Manila Railroad Company of the Philippine IslandsAct No. 3008 • Feb 28, 1922 • Statutes
- Amendment to Sec. 1 of Act No. 2916Act No. 4140 • Nov 24, 1934 • Statutes
- An Act Making Applicable to the Manila Railroad Company of the Philippine Islands All Provisions of Existing Law Concerning the Manila Railroad CompanyAct No. 2879 • Feb 17, 1920 • Statutes
- An Act Granting the Manila Railroad Company of the Philippine Islands Authority to Establish a Telephone Line between the Municipalities of Pamplona and Pasacao, in the Province of Camarines SurAct No. 3190 • Nov 29, 1924 • Statutes
- An Act Granting to the Manila Railroad Company of the Philippine Islands a Concession to Construct a Railroad in the Island of LuzonAct No. 2836 • Mar 8, 1919 • Statutes
- An Act Exempting the Manila Railroad Company from TaxationAct No. 2962 • Feb 20, 1921 • Statutes
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