Section 10
SEC. 10. There are hereby inserted new paragraphs after paragraph (q) of Section 19 of the Code to be known as paragraphs (r) and (s) which shall read as follows: "(r) Tax on the business of operating privately owned public markets based on gross receipts for the preceding quarter at the following rates: Gross quarterly receipt Amount of Tax per annum "Less than P5,000.00 P125.00 P5,000.00 or more but less than P10,000.00 250.00 10,000.00 or more but less than 20,000.00 500.00 20,000.00 or more but less than 30,000.00 750.00 30,000.00 or more but less than 40,000.00 1,000.00 40,000.00 or more but less than 50,000.00 1,250.00 50,000.00 or more but less than 60,000.00 1,500.00 60,000.00 or more but less than 70,000.00 1,750.00 70,000.00 or more but less than 80,000.00 2,000.00 80,000.00 or more but less than 90,000.00 2,250.00 90,000.00 or more but less than 100,000.00 2,500.00 "For every P1,000.00 in excess of P100,000.00 20.00 "In the case of newly started privately owned public market, the tax shall not be less than the minimum of P125.00 prescribed above for the initial quarter of operations, "(s) Operators or owners of rice or corn mills engaged mainly in the milling of rice and corn belonging to other persons shall be subject to annual graduated fixed tax based upon total capacity per machine in accordance with the following schedule: "Corn mill, not exceeding one hundred cavans per twelve-hour capacity P 15.00 "Corn mill, exceeding one hundred cavans per twelve-hour capacity 22.50 " ‘Kiskisan' type, not exceeding one hundred cavans of palay per twelve-hour capacity 25.00 " 'Kiskisan' type, exceeding one hundred cavans of palay per twelve-hour capacity 37.50 " 'Cono' of not exceeding one hundred cavans of palay per twelve-hour capacity 100.00 " 'Cono' of not exceeding two hundred cavans of palay per twelve-hour capacity 200.00 " 'Cono' of not exceeding three hundred cavans of palay per twelve-hour capacity 300.00 " 'Cono' of not exceeding four hundred cavans of palay per twelve-hour capacity 450.00 " 'Cono’ of not exceeding five hundred cavans of palay per twelve-hour capacity 650.00 " 'Cono' of not exceeding six hundred cavans of palay per twelve-hour capacity 900.00 " 'Cono' of not exceeding seven hundred cavans of palay per twelve-hour capacity 1,250.00 " 'Cono' of not exceeding eight hundred cavans of palay per twelve-hour capacity 1,600.00 " 'Cono' of not exceeding nine hundred cavans of palay per twelve-hour capacity 2,000.00 " 'Cono' of not exceeding one thousand cavans of palay per twelve-hour capacity 2,400.00 " 'Cono' of over one thousand cavans of palay per twelve-hour capacity 2,800.00