Act No. 2962 — An Act Exempting the Manila Railroad Company from Taxation.
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. The Manila Railroad Company is hereby exempted from all taxes and assessments, of every name and nature, either municipal, provincial, or insular, until December thirty-first, nineteen hundred and twenty-two. Until December thirty-first, nineteen hundred and twenty-two, no specific tax shall be collected on any article sold or delivered directly to the Manila Railroad Company.
SEC. 2. This Act shall take effect as of January first, nineteen hundred and twenty-one. Approved, February 20, 1921.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).