Tax on business of printing and publication.
Section 8
SEC. 8. Tax on business of printing and publication. — The province may impose a tax on the business of persons engaged in the printing and/or publication of: any newspaper, magazine, review, or bulletin appearing at regular intervals, with fixed prices for subscription and sale and published ill the province; books, cards, posters, leaflets, handbills, certificates, receipts, pamphlets, and others of similar nature, at the rate of not exceeding one-half of one percent of the gross annual receipts for the preceding calendar year. In the case of newly started business, the rate shall not exceed one hundred pesos for a printer, fifty pesos for a publisher, and one hundred and fifty pesos for one who is both a printer and publisher. The receipts from the printing and/or publishing of books or other reading materials prescribed by the Department of Education and Culture as school texts or references shall not be included in tile gross receipts subject to the tax herein imposed.