Act No. 3293
An Act Amending Paragraph (B) of Section Fourteen Hundred and Sixty of Act Numbered Twenty-Seven Hundred and Eleven, Known as Administrative Code, Exempting Salt Producers From the Payment of Internal Revenue Tax
[ Act No. 3293, December 02, 1926 ]
AN ACT AMENDING PARAGRAPH (b) OF SECTION FOURTEEN HUNDRED AND SIXTY OF ACT NUMBERED TWENTY-SEVEN HUNDRED AND ELEVEN, KNOWN AS ADMINISTRATIVE CODE, EXEMPTING SALT PRODUCERS FROM THE PAYMENT OF INTERNAL REVENUE TAX
Be it enacted by the Senate and House of Representatives of the Philippines in
Legislature assembled and by the authority of the same:
Section 1. Paragraph (b) of section fourteen hundred and sixty of Act Numbered Twenty-seven hundred and eleven, commonly known as Administrative Code, is hereby amended, the said section to read as follows:
"Section 1460. Sales not subject to merchant's tax.-In computing the tax above imposed, transactions in the following commodities shall be excluded :
"(a) Things subject to a specific tax.
"(b) Agricultural products and the ordinary salt when sold by the producer or owner of the land where produced, or by any other person other than a merchant or commission merchant, whether in their original state or not."
Section 2. This Act shall take effect on its approval.
Approved, December 2, 1926.