Section 2
SEC. 2. Section one hundred and ninety-two of Common wealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "SEC. 192. Percentage tax on carriers and keepers of garages.—Keepers of garages, transportation contractors, persons who transport passengers or freight for hire, and common carriers by land, air, or water, except owners of bancas, and owners of animal drawn two-wheeled vehicles, shall pay a tax equivalent to two per centum of their gross receipts: Provided, That those whose gross receipts do not exceed two hundred pesos each quarter shall be exempt from the payment of the tax provided for in this section.