Section 4
SEC. 4. Effective upon the expiration of the existing franchise, there shall be collected upon the gross earnings or receipts from the business of the grantee under its extended franchise a tax of five per centum.
RA 150 Section 4
SEC. 4. Effective upon the expiration of the existing franchise, there shall be collected upon the gross earnings or receipts from the business of the grantee under its extended franchise a tax of five per centum.
CitationRA 150 Section 4 (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).