1930 / Nov
Act No. 3712 AN ACT AMENDING SECTION FOURTEEN HUNDRED AND SIXTY OF THE ADMINISTRATIVE CODE, AS AMENDED BY ACT NUMBERED THIRTY-TWO HUNDRED AND NINETY-THREE. November 20, 1930
[ Act No. 3712, November 20, 1930 ]
AN ACT AMENDING SECTION FOURTEEN HUNDRED AND SIXTY OF THE ADMINISTRATIVE CODE, AS AMENDED BY ACT NUMBERED THIRTY-TWO HUNDRED AND NINETY-THREE.
Be it enacted by the Senate and House of Representatives of the Philippines in Legislature assembled and by the authority of the same:
SECTION 1. Section fourteen hundred and sixty of the Administrative Code, as amended by Act Numbered Thirty-two hundred and ninety-three, is hereby further amended to read as follows:
SECTION 1. Section fourteen hundred and sixty of the Administrative Code, as amended by Act Numbered Thirty-two hundred and ninety-three, is hereby further amended to read as follows:
"SEC. 1460.Sales not subject to merchant's tax.—In computing the tax above imposed, transactions in the following commodities shall be excluded:SEC. 2. This Act shall take effect on its approval.Approved, November 20, 1930.
"(a) Things subject to a specific tax.
"(b) Agricultural products and the ordinary salt when sold by the producer or owner of the land where produced, or by any other person other than a merchant or commission merchant, whether in their original state or not.
"(c) Articles imported into the Philippine Islands and reexported from the same in their original condition by the importer."