Republic Act No. 8190

: The main purpose of Republic Act No. 574 is to amend Section 6 of Act No. 4130, particularly concerning the taxation and regulation of horse race ticket sales.
: Section 6 states that the holding of horse races and sale of tickets shall be exempt from all taxes except that each ticket must bear a twelve-centavo internal revenue stamp.
: The tickets must be printed in the Government Bureau of Printing.
: They are considered as government securities.
: Persons forging or altering these tickets are subject to the provisions and penalties under the Revised Penal Code governing such cases.
: No. The Act exempts the holding of horse races and ticket sales from any tax except the internal revenue stamp fee.
: It took effect upon its approval on September 8, 1950.
: Act Numbered Forty-one hundred and thirty (Act No. 4130) is amended.
: The Revised Penal Code of the Philippines governs these penalties.
: This requirement serves as a form of tax on ticket sales while the rest of horse race ticket sales are exempted from other taxes; it also helps regulate and legitimize the sale of tickets.