Section 2
SEC. 2. Section twenty-six of the same Act is hereby further amended to read as follows: "SEC. 26.Tax liability of members of duly registers general co-partners kips or of general professional partnerships.—Persons carrying on business in general co-partnership (compañia colectiva) duly registered in the mercantile registry,or those exercising a common profession in general partnership, shall be liable for income tax only in their individual capacity,and the share in the profits of the registered general co-partnership(compañia colectiva) or in the general professional partnership to which any taxable partner would be entitled, whether distributed or otherwise,shall be returned for taxation and the tax paid in accordance with the provisions of this Title."