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Act No. 2916 — An Act Exempting Certain Bonds of the "Manila Railroad Company of the Philippine Islands" from Taxation.

Act No. 2916 — An Act Exempting Certain Bonds of the "Manila Railroad Company of the Philippine Islands" from Taxation.

Act No. 2916 · Act · Approved March 23, 1920 · 2 sections

Data as of July 4, 2026 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Section 1

SECTION 1. Any bonds hereafter issued by the "Manila Railroad Company of the Philippine Islands," and all income directly derived therefrom shall be exempt from the payment of any tax of the Government of the Philippine Islands or any division or political subdivision of the same.

Section 2

SEC. 2. This Act shall take effect on its approval. Approved, March 23, 1920.

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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