AN ACT TO AMEND SECTION THREE OF REPUBLIC ACT NUMBERED SIX HUNDRED
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AN ACT TO AMEND SECTION THREE OF REPUBLIC ACT NUMBERED SIX HUNDRED
Republic Act No. 1505
June 16, 1956
Case Overview and Summary
Summary of Republic Act No. 1505Amending the Income Tax Rates for Corporations
- Amends Section 3 of Republic Act No. 600, which was previously amended by Republic Acts No. 868, 1065, and 1291.
- The amended Section 3 states: "The provisions of this Act shall apply to income received from January 1, 1951." (Section 1)
- This Act took effect upon its approval on June 16, 1956. (Section 2)
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Republic Acts
income tax
corporations
tax rates
Republic Act No. 600
Republic Act No. 868
Republic Act No. 1065
Republic Act No. 1291
January 1, 1951
June 16, 1956
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AN ACT TO AMEND SECTION THREE OF REPUBLIC ACT NUMBERED SIX HUNDRED
Republic Act No. 1505
•June 16, 1956
REPUBLIC ACT No. 1505
AN ACT TO AMEND SECTION THREE OF REPUBLIC ACT NUMBERED SIX HUNDRED, ENTITLED "AN ACT TO PRESCRIBE A GRADUATED SCALE FOR THE INCOME TAX ON CORPORATIONS BY AMENDING SECTIONS TWENTY-FOUR AND FIFTY-FOUR OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES," TO MAKE THE RATES PRESCRIBED THEREIN PERMANENT.
Section 1. Section three of Republic Act Numbered Six hundred, as amended by Republic Act Numbered Eight hundred and sixty-eight, Republic Act Numbered One thousand sixty-five, and Republic Act Numbered One thousand two hundred ninety-one, is further amended to read as follows:
"Sec. 3. The provisions of this Act shall apply to income received from January first, nineteen hundred and fifty- one."
Section 2. This Act shall take effect upon its approval.
Approved: June 16, 1956
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