SECTION 1. Section eight of Republic Act Numbered Five hundred eighty-eight is amended to read as follows:
"SEC. 8. This Act shall take effect upon its approval, put unless otherwise expressly extended by Congress, the increased tax provided for in this Act shall continue in force and effect only until December thirty-one, nineteen hundred and fifty-three, after which period the original rates of tax shall again be in force."
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationRA 726 Section 1 (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).