Ad valorem taxes on output of mineral lands not covered by lease.
Section 243
SEC. 243. Ad valorem taxes on output of mineral lands not covered by lease. — There shall be assessed and collected on the actual market value of the annual gross output of the minerals or mineral products extracted or produced from all mineral lands, not covered by lease, an ad valorem tax, payable to the Collector of Internal Revenue, as follows: (1) On gold — One and one-half per centum upon the first five hundred thousand pesos of the value of said output; Two and one-half per centum upon the amount by which such output exceeds five hundred thousand pesos and does not exceed one million pesos; Three and one-half per centum upon the amount by which such output exceeds one million pesos and does not exceed one million five hundred thousand pesos; Four and one-half per centum upon the amount by which such output exceeds one million five hundred thousand pesos and does not exceed two million pesos; Five and one-half per centum upon the amount by which such output exceeds two million pesos and does not exceed two million five hundred thousand pesos; Six and one-half per centum upon the amount by which such output exceeds two million five hundred thousand pesos and does not exceed three million pesos; Seven per centum upon the amount by which such output exceeds three million pesos and does not exceed four million pesos; Seven and one-half per centum upon the amount by which such output exceeds four million pesos and does not exceed five million pesos; Seven and three-fourths per centum upon the amount by which such output exceeds five million pesos and does not exceed six million pesos; Eight per centum upon the amount by which such output exceeds six million pesos and does not exceed seven million pesos; Eight and one-fourth per centum upon the amount by which such output exceeds seven million pesos and does not exceed eight million pesos; Eight and one-half per centum upon the amount by which such output exceeds eight million pesos and does not exceed ten million pesos; Eight and three-fourths per centum upon the amount by which such output exceeds ten million pesos and does not exceed twelve million pesos; Nine per centum upon the amount by which such output exceeds twelve million pesos and does not exceed fourteen million pesos; Nine and one-fourth per centum upon the amount by which such output exceeds fourteen million pesos and does not exceed sixteen million pesos; Nine and one-half per centum upon the amount by which such output exceeds sixteen million pesos and does not exceed eighteen million pesos; Nine and three-fourths per centum upon the amount by which such output exceeds eighteen million pesos and does not exceed twenty million pesos; and Ten per centum upon the amount by which such output exceeds twenty million pesos. (2) On all other minerals, one and one-half per centum of the value of said output. Before the minerals or mineral products are removed from the mines, the Collector of Internal Revenue or his representative shall first be notified of such removal on a form prescribed for the purpose.