Allotment of internal revenue and other taxes.
Section 62
Sec. 62. Allotment of internal revenue and other taxes.— Of the internal revenue accruing to the National Treasury under Chapter II, Title XII of Commonwealth Act Numbered Four hundred and sixty-six, and other taxes collected by the National Government and allotted to the various provinces, as well as the national aid for schools, the City of Cadiz shall receive a share equal to what it would receive if it were a regularly organized province: Provided, That the Province of Negros Occidental may grant financial or material aid to the City of Cadiz in case the financial condition of the city do rot warrant the prosecution of public works projects therein: Provided, further, That all income taxes derived from sources within the territorial jurisdiction of the City of Cadiz shall be paid to the city and even if paid in other places the same shall be credited and remitted to the said city. This does not however preclude other taxpayers from filing their income taxes from other places and sources likewise to the said city.