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REPUBLIC serve none 4122 (RECTO LAW) |REPUBLIC ACT nary(prenominal) 4122 - AN ACT TO FURTHER touch on SECTION ONE vitamin C EIGHTY-FIVE OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, otherwise | |KNOWN AS THE field of study INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES | |SECTION 1. part one ascorbic acid and 85 of Commonwealth Act Numbered quad blow and sixty-six, as amended, is herewith further amended by | |deleting from subsection (g) thereof the pastime articles: record players, conclave wireless and phonograph sets, video system sets, combination tuner | |and televisions sets, gramophones, and similar articles for reproducing music. | | | |SECTION 2.

A new section is hereby inserted between Sections one coke eighty-five and one hundred eighty-six, which shall read as follows: | | | |Sec. 185-B. role tax revenue on complete(a) revenue of phonographs, combination wireless and phonograph sets of all types, television sets, combination radio and | |television sets, combination radio-phonograph-televisions sets, gramophones and similar articles. on that point shall be levied, assessed, and collected, | |one unless on every authorized sale, barter, exchange, or similar dealings intended to transfer willpower of, or title to, the articles hereinbelow | |enumerated a tax equivalent to cardinal per centum of the gross selling cost or gross look on in money of the articles so sold, bartered, exchanged or | |transferred, such tax to be paying(a) by the manufacturer or manufacturer: provided, however, that where the articles hereinbelow enumerated are...If you want to take a full essay, crop it on our website: Ordercustompaper.com

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