Section 10
SEC. 10. Section two hundred and twenty-one of Commonwealth Act Number Four hundred and sixty-six is hereby amended to read as follows: "SEC. 221. Stamp tax on policies of insurance upon property.—On all policies of insurance or other instruments by whatever name the same may be called, by which insurance shall be made or renewed upon property of any description, including rents or profits, against peril by sea or on inland waters or by fire or lightning, there shall be collected a documentary stamp tax of six centavos on each four pesos, or fractional part thereof, of the amount of premium charged."