REPUBLIC ACT No. 1435
AN ACT TO PROVIDE MEANS FOR INCREASING THE HIGHWAY SPECIAL FUND.
Section 1. Section one hundred and forty-two of the National Internal Revenue Code, as amended, is further amended to read as follows:
"Sec. 142. Specific Tax on manufactured oils and other fuels. On refined and manufactured mineral oils and motor fuels, there shall be collected the following taxes:
"(a) Kerosene or petroleum, per liter of volume capacity, two and one-half centavos;
"(b) Lubricating oils, per liter of volume capacity, seven centavos;
"(c) Naptha, gasoline, and all other similar products of distillation, per liter of volume capacity, eight centavos; and
"(d) On denatured alcohol to be used for motive power, per liter of volume capacity, one centavo: Provided, That if the denatured alcohol is mixed with gasoline, the specific tax on which has already been paid, only the alcohol content shall be subject to the tax herein prescribed. For the purpose of this subsection, the removal of denatured alcohol of not less than one hundred eighty degrees proof...
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AN ACT TO PROVIDE MEANS FOR INCREASING THE HIGHWAY SPECIAL FUND
Republic Act No. 1435
