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Republic Act

AN ACT TO AMEND SECTION SIX OF ACT NUMBERED FORTY-ONE HUNDRED AND THIRTY, AS AMENDED.

Number
Republic Act No. 574
Date of approval
Sections
2
Section 1

SECTION 1. Section six of Act Numbered Forty-one hundred and thirty, as amended, is hereby amended to read as follows:

"SEC. 6. The holding of horse races and sale of tickets authorized by this Act shall be exempt from the payment of any tax, except the tickets each of which shall bear a twelve-centavo internal revenue stamp. The tickets shall be printed in the Government Bureau of Printing and shall be considered as government securities, and any person forging or altering the same shall be subject to the provisions of the Revised Penal Code governing such cases."

Section 2

SEC. 2. This Act shall take effect upon its approval.

Approved, September 8, 1950.

2 sections

Cite this law

AN ACT TO AMEND SECTION SIX OF ACT NUMBERED FORTY-ONE HUNDRED AND THIRTY, AS AMENDED. (Official Gazette). Retrieved via LawPlayer, https://lawplayer.com/ph/act/ra-574

Source: Official Gazette of the Republic of the Philippines — Philippine laws are public documents (works of the government).

No copyright in works of the Government (RA 8293 s.176)

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