Republic Act No. 1284




REPUBLIC ACT No. 1284 An Act to Exempt from Amusement Tax All Athletic Meets, School Programs and Exhibitions, and Other Educational Activities Conducted by Public Schools, by Amending the National Internal Revenue Code Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled: Section 1. The National Internal Revenue Code is hereby amended by inserting between section two hundred sixty-A and section two hundred sixty-one thereof the following new section: "Sec. 260-B. Athletic meets, school programs and exhibitions, and other educational activities conducted by public schools exempted.— All athletic meets, school programs and exhibitions, and other educational activities conducted by any public school to which admission fees are charged shall be exempt from amusement tax: Provided, That the net proceeds therefrom shall accrue to the athletic fund or library fund of the school in the discretion of the school authorities. Section 2. This Act shall take effect upon its approval. Approved: June 14, 1955. The Lawphil Project - Arellano Law Foundation