An Act Condoning the Amount of One Hundred Eighteen Thousand Pesos Representing Privilege and Percentage Taxes Plus Twenty-Five Per Cent Surcharge Thereon
Year:
1965
Category:
Other
Date Approved:
June 19, 1965
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 condones the amount of one hundred eighteen thousand pesos representing privilege and percentage taxes, plus a twenty-five percent surcharge, allegedly due from the Municipality of Olongapo for the operation of its electric, telephone, and ice plants. This amount was due following the turnover of these services from the United States Navy to the municipality.Full Text
REPUBLIC ACT No. 4418
An Act Condoning the Amount of One Hundred Eighteen Thousand Pesos Representing Privilege and Percentage Taxes Plus Twenty-Five Per Cent Surcharge Thereon, Allegedly Due from the Municipality of Olongapo, Province of Zambales, for the Operation of its Electric, Telephone and Ice Plants
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. The sum of one hundred eighteen thousand pesos representing privilege and percentage taxes plus twenty-five percent surcharge thereon, allegedly due from the Municipality of Olongapo, Province of Zambales, for the operation of its electric, telephone and ice plants which were turned over to said municipality by the United States Navy upon the relinquishment of the occupation and control of said municipality by the United States Navy, is hereby condoned.
Section 2. This Act shall take effect upon its approval.
Approved: June 19, 1965.
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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.