Extension of tax rates under RA 589

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Republic Act No. 1090: Extension of tax rates under RA 589

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Title Source: Supreme Court: Extension of tax rates under RA 589

Law: Republic Act No. 1090

Decision Date: Jun 15, 1954

Republic Act No. 1090 extends the increased tax rates stated in Republic Act No. 589 until December 31, 1955, unless Congress decides otherwise.

Effectivity of the Act

The law takes effect immediately upon approval.
This immediate effectivity ensures the continuation of the tax provisions without interruption.

Legislative Purpose

The primary purpose is to maintain the enhanced taxation measures within the framework of the National Internal Revenue Code as amended.
It underscores the legislative intent to uphold the revenue measures for a specified additional period to meet fiscal requirements.

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