An Act to Amend Certain Sections of Republic Act Numbered Six Hundred and Thirty-Two, as Amended, Entitled "An Act Creating the ‘Philippine Sugar Institute,’ Prescribing its Powers, Functions and Duties, and Providing for the Raising of the Necessary Funds for its Operations"
Year:
1961
Category:
Other
Date Approved:
June 17, 1961
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 certain sections of Republic Act No. 632, which established the Philippine Sugar Institute, detailing its powers, functions, and the financial provisions necessary for its operations. It specifically addresses the allocation of tax proceeds to the Sugar Research and Stabilization Fund and the Sugar Quota Administration.Full Text
REPUBLIC ACT No. 3051
An Act to Amend Certain Sections of Republic Act Numbered Six Hundred and Thirty-Two, as Amended, Entitled "An Act Creating the ‘Philippine Sugar Institute,’ Prescribing its Powers, Functions and Duties, and Providing for the Raising of the Necessary Funds for its Operations"
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Section fifteen of Republic Act Numbered Six hundred and thirty-two, as amended, is hereby further amended, to read as follows:
Section 2. This Act shall take effect upon its approval.
Approved: June 17, 1961.
"Sec. 15. Capitalization. -Fifty per centum of the proceeds of the percentage tax levied on proprietors or operators of sugar centrals under Section one hundred eighty-nine of Commonwealth act Numbered Four hundred sixty-six, otherwise known as the National Internal Revenue Code, as amended, shall, upon approval of this Act, accrue to the Sugar Research and Stabilization Fund as provided in Section sixteen of this Act. The remaining fifty per centum of the said proceeds shall likewise accrue to the Sugar Research and Stabilization Fund, unless the Philippine Sugar Institute, in its discretion, transfers and gives the same or part thereof as a yearly aid to the Sugar Quota Administration to be used for the payment of salaries of additional personnel and the purchase of equipment, supplies and materials, for the purpose of accomplishing the efficient performance of the duties of the Sugar Quota Administration. Said percentage tax shall constitute a lien on the sugar quedans and/or warehouse receipts and shall be paid immediately to the Commissioner of the Bureau of Internal Revenue: Provided, However, That not more than fifty per centum of all the proceeds shall be used for salaries of its officials and employees."
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