Republic Act No. 1090

: The primary purpose of Republic Act No. 1090 is to extend the effectivity of Republic Act No. 589 by further amending Section 7 thereof, concerning the increased rates of tax provided for in the said Act.
: Republic Act No. 1090 amends Section 7 of Republic Act No. 589.
: Sections 133, 134, 135, 137, 140, and 147 of Commonwealth Act No. 466, known as the National Internal Revenue Code, are mentioned.
: The increased rates of tax were extended until December 31, 1955, unless otherwise expressly extended by Congress.
: Republic Act No. 1090 took effect upon its approval on June 15, 1954.
: Republic Act No. 724 and Republic Act No. 955 previously amended Section 7 of RA No. 589.
: Section 7 regulates the duration of the increased rates of tax under the Act, specifying how long they shall continue in force and effect.
: No, Republic Act No. 1090 only extends the effectivity of the increased tax rates and further amends Section 7 of RA No. 589.
: It indicates that the increased tax rates will expire on December 31, 1955, unless Congress enacts further legislation to extend them.
: The increased rate of tax shall continue in force until December 31, 1955, or until Congress expressly extends it through legislation.