Commonwealth Act No. 241

PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES


PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY

COMMONWEALTH ACTS





COMMONWEALTH ACT NO. 241

COMMONWEALTH ACT NO. 241 - AN ACT TO APPROPRIATE FIVE MILLION PESOS TO BE DISTRIBUTED BY THE SECRETARY OF FINANCE AMONG THE PROVINCES, SUBPROVINCES, CHARTERED CITIES MUNICIPALITIES AND MUNICIPAL DISTRICTS ON THE BASIS OF THE YEARLY AVERAGE OF THEIR SHARES IN PROCEEDS OF THE CEDULA TAX COLLECTED DURING THE YEARS NINETEEN HUNDRED AND THIRTY-THREE, NINETEEN HUNDRED AND THIRTY-FOUR, NINETEEN HUNDRED AND THIRTY-FIVE, NINETEEN HUNDRED AND THIRTY-SIX, AND NINETEEN HUNDRED AND THIRTY-SEVEN, TO COMPENSATE THE SAID BRANCHES OF THE GOVERNMENT FOR THE LOSS FROM THEIR REVENUES ON ACCOUNT OF THE ABOLITION OF THE CEDULA TAX

Section 1. In order to compensate the provinces, sub provinces, chartered cities, municipalities, and municipal districts for the loss which they incur in their respective revenues on account of the abolition of the cedula tax, there is hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, the sum of five million pesos, or so much thereof as may be necessary, to be distributed by the Secretary of Finance among the provinces, sub provinces, chartered cities, municipalities, and municipal districts on the basis of the yearly average of their shares in the proceeds of the cedula tax collected during the years nineteen hundred and thirty-three, nineteen hundred and thirty-four, nineteen hundred and thirty-five, nineteen hundred and thirty-six, and nineteen hundred thirty-seven.

Section2. The amount to be thus distributed to a province, sub province, chartered city, municipality, or municipal district shall accrue to the provincial, sub provincial, city or municipal funds to which the proceeds of the cedula tax accrued before its abolition.

Section3. This Act shall take effect on January first, nineteen hundred and thirty-eight.
Back to Main


Since 19.07.98.





chanrobles.com



ChanRobles Professional Review, Inc.

ChanRobles Professional Review, Inc. : www.chanroblesprofessionalreview.com
ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com
ChanRobles CPA Review Online

ChanRobles CPALE Review Online : www.chanroblescpareviewonline.com
ChanRobles Special Lecture Series

ChanRobles Special Lecture Series - Memory Man : www.chanroblesbar.com/memoryman

COMMONWEALTH ACT NOS. 238 - 534                  

  • Commonwealth Act No. 238

  • Commonwealth Act No. 241

  • Commonwealth Act No. 250

  • Commonwealth Act No. 253

  • Commonwealth Act No. 254

  • Commonwealth Act No. 255

  • Commonwealth Act No. 260

  • Commonwealth Act No. 271

  • Commonwealth Act No. 294

  • Commonwealth Act No. 310

  • Commonwealth Act No. 326

  • Commonwealth Act No. 327

  • Commonwealth Act No. 332

  • Commonwealth Act No. 338

  • Commonwealth Act No. 355

  • Commonwealth Act No. 357

  • Commonwealth Act No. 375

  • Commonwealth Act No. 380

  • Commonwealth Act No. 383

  • Commonwealth Act No. 386

  • Commonwealth Act No. 387

  • Commonwealth Act No. 404

  • Commonwealth Act No. 411

  • Commonwealth Act No. 408

  • Commonwealth Act No. 415

  • Commonwealth Act No. 417

  • Commonwealth Act No. 421

  • Commonwealth Act No. 441

  • Commonwealth Act No. 444

  • Commonwealth Act No. 447

  • Commonwealth Act No. 452

  • Commonwealth Act No. 456

  • Commonwealth Act No. 457

  • Commonwealth Act No. 462

  • Commonwealth Act No. 464

  • Commonwealth Act No. 465

  • Commonwealth Act No. 470

  • Commonwealth Act No. 471

  • Commonwealth Act No. 466

  • Commonwealth Act No. 473

  • Commonwealth Act No. 502

  • Commonwealth Act No. 511

  • Commonwealth Act No. 512

  • Commonwealth Act No. 520

  • Commonwealth Act No. 521

  • Commonwealth Act No. 523

  • Commonwealth Act No. 524

  • Commonwealth Act No. 526

  • Commonwealth Act No. 530

  • Commonwealth Act No. 534