SB 2466

Corporation Engaged in National Wealth Development, Direct Remittance of 40% Share to LGUS

An Act Providing for the Direct Remittance to the Host Local Government Unit of Its Forty-Percent (40%) Share of the Gross Collection Derived by the National Government from National Wealth Taxes, Amending for the Purpose Section 293 of Republic Act No. 7160, Otherwise Known as the Local Government Code of 1991