Deductions from royalty or ad valorem tax on the output of gold.
Section 244
SEC. 244. Deductions from royalty or ad valorem tax on the output of gold. — The following deductions from the royalty or ad valorem tax, as the case may be, on the annual gross output of gold shall be allowed: (a) Twenty-five per centum in the case of gold placer mines; (b) Fifteen per centum in the case of lode mines producing gold from ores which average less than ten pesos but more than seven pesos per ton; and (c) Thirty per centum in the case of lode mines prorefining, transporting, handling, marketing, or any other producing gold from ores which average less than seven pesos per ton. The average value per ton of ore shall be determined by dividing the total gross output of gold in pesos for any year by the total number of tons milled or shipped as crude ore during that year for any particular lode mine.