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CA 156 (National Commonwealth Race) Section 2

Section 2

SEC. 2. entire proceeds of these races, after deducting the expenses which shall not exceed twenty per centum of the gross receipts, and the sum required for prizes for the horses which shall not be in excess of the sums usually given in races of this description, shall be paid exclusively into the funds of the Philippine Antituberculosis Society: Provided, however, That one-fourth of the twenty per centum to be deducted from the gross receipts shall be accumulated for the payment of prizes to horses running in the national race provided for in section three of this Act:Provided, further, That the Philippine Antitubereulosis Society shall be exempt from the payment of any municipal or national tax for holding said races: Provided, finally, That five per centum of the net receipts of the Philippine Antituberculosis Society on each day of horse-racing under section one shall be set aside for the funds of the Boy Scouts, Philippine Chapter, Pioneers of the Philippines, or such other civic associations of boys and girls as the President of the Philippines may designate.

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Other provisions in CA 156 (National Commonwealth Race)

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

CitationCA 156 (National Commonwealth Race) Section 2 (LawPlayer, data as of July 4, 2026)

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

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