Share of Municipalities in the Proceeds of Certain Internal Revenue Taxes
Republic Act No. 745, enacted on June 18, 1952, amends the allocation of proceeds from certain internal revenue taxes to enhance municipal funding. Specifically, it allocates three-sevenths of revenues from specific industries to provinces, one-seventh to municipal governments, and the remaining three-sevenths to the National Government, with distributions based on population data from the latest census. Additionally, it stipulates that two percent of income tax proceeds will go to provinces and one percent to municipalities, with the rest allocated to the National Government. The law took effect on July 1, 1952.
Law Information
- Reference Number
- Republic Act No. 745
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 18, 1952
REPUBLIC ACT NO. 745
AN ACT TO GIVE THE MUNICIPALITIES A SHARE IN THE PROCEEDS OF CERTAIN INTERNAL REVENUE TAXES, BY AMENDING SUBSECTIONS (a) AND (b) OF SECTION EIGHT OF COMMONWEALTH ACT NUMBERED FIVE HUNDRED AND EIGHTY-SIX
Subsections (a) and (b) of section eight of Commonwealth Act Numbered Five hundred and eighty-six are amended to read as follows:
"(a) Three-sevenths of the proceeds of internal revenue taxes due from proprietors or operators of rope factories, sugar centrals, rice mills, corn mills, coconut oil mills, and desiccated coconut factories prescribed in section one hundred and eighty-nine of said Code shall accrue to the provinces, one-seventh to the municipal governments, and the remaining three-sevenths to the National Government. The apportionment of the provincial and municipal allotments shall be based on population as shown by the latest official census.
"(b) Two per centum of the proceeds of the tax on income shall accrue to the provinces, one per centum to the municipalities and the remainder to the National Government."
SECTION 2. This Act shall take effect on July one, Nineteen Hundred and Fifty-Two.
Approved: June 18, 1952
Published in the Official Gazette, Vol. 48, No. 7 in July 1952
Cite This Law
Share of Municipalities in the Proceeds of Certain Internal Revenue Taxes, Republic Act No. 745, Jun 18, 1952 (Philippines)
Share of Municipalities in the Proceeds of Certain Internal Revenue Taxes, Republic Act No. 745 (Phil. 1952)
Related Laws
- Share of Municipalities in the Allotment of National Internal RevenueRepublic Act No. 781 • Jun 21, 1952 • Statutes
- Apportionment and Disposition of Internal-Revenue Taxes Collected in the Philippine Islands from July 1, 1912Act No. 2127 • Feb 1, 1912 • Statutes
- Exemption from Internal Revenue Taxes of All Forest Products Used in Construction of Certain Railway LinesAct No. 1544 • Oct 18, 1906 • Statutes
- Place of Payment of Internal Revenue Taxes by Large TaxpayersRepublic Act No. 7646 • Feb 24, 1993 • Statutes
- An Act Providing for the Apportionment and Disposition of Internal-Revenue Taxes Collected in the Philippine Islands on and After August Sixth, Nineteen Hundred and NineAct No. 1964 • Aug 11, 1909 • Statutes
- National Internal Revenue Code of 1939Commonwealth Act No. 466 • Jun 15, 1939 • Statutes
Browse More Statutes
Explore other laws in the Statutes category.
View All StatutesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law