An Act to Amend Section Seven of Republic Act Numbered Five Hundred and Sixty-Seven, Entitled "An Act to Amend Title VI of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code, as Amended"
Year:
1955
Category:
Other
Date Approved:
June 14, 1955
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This act amends Section Seven of Republic Act Numbered Five Hundred and Sixty-Seven, which pertains to the provisions regarding tax rates. It specifies that the increased taxes shall remain in effect until June 30, 1957, unless extended by Congress.Full Text
REPUBLIC ACT No. 1274
An Act to Amend Section Seven of Republic Act Numbered Five Hundred and Sixty-Seven, Entitled "An Act to Amend Title VI of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code, as Amended"
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Section seven of Republic Act Numbered Five hundred and sixty-seven, as amended by Republic Act Numbered Seven hundred and twenty-five, Republic Act Numbered Eight hundred and seventy, and Republic Act Numbered One thousand and ninety-two, is further amended to read as follows:
Section 2. This Act shall take effect upon its approval.
Approved: June 14, 1955.
"Sec. 7. The provisions of this Act shall take effect upon its approval but, unless otherwise expressly extended by Congress, the increased taxes provided for in this Act shall continue in force and effect until June thirty, nineteen hundred and fifty-seven, after which period the original rates of tax shall again be in force."
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.