BatasPH logoBatasPH
Republic ActNational

RA 1490 - An Act Declaring Shortages in Certain Construction Materials and Authorizing the President of the Philippines to Reduce Tariff Rates for Such Construction Materials

June 16, 1956Taxation

Republic Act No. 1490

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

In view of the shortage of the materials hereinafter specified, the President of the Philippines, upon prior investigation by and recommendation of the National Economic Council, which shall conduct public hearings to determine the acuteness of the shortage demanding the reduction considering public interest, is hereby authorized to reduce the present rates of tariff duty provided under existing law by not more than the corresponding percentage as follows:

"1. Cement70%
2. Steel, reinforcing and structural75%
3. Asphalt100%
4. G.I. sheets and building hardwares75%
5. Pipes and plumbing materials75%
6. Electric wires75%

Section 2

The authority herein granted and the rates as reduced by the President under the authority of this Act shall terminate upon the enactment of a new tariff law.

Section 3

This Act shall take effect upon its approval.

Approved: June 16, 1956.

Cite this

RA 1490 - An Act Declaring Shortages in Certain Construction Materials and Authorizing the President of the Philippines to Reduce Tariff Rates for Such Construction Materials. BatasPH. Approved June 16, 1956. https://batasph.thirdygayares.com/republic-acts/republic-act-no-1490

Related laws

Republic ActNational

RA 12316 - An Act Authorizing the President to Suspend or Reduce Excise Tax on Petroleum Products, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended

Mar 25, 2026Taxation
Republic ActNational

RA 12312 - An Act Banning and Declaring Illegal Offshore Gaming Operations in the Philippines and Other Operations Related Thereto, Repealing for the Purpose Republic Act Numbered Eleven Thousand Five Hundred Ninety, Otherwise Known as “An Act Taxing Philippine Offshore Gaming Operations”, and for Other Purposes

Oct 23, 2025Taxation
Republic ActNational

RA 12253 - An Act Enhancing the Fiscal Regime for the Large-scale Metallic Mining Industry, Amending for the Purpose Sections 34(B), 287, and the Subjects of Title VI and Chapter VII Thereof, and Creating New Sections 151-a, 151-b, 151-c, 151-d, and 287-a, All Under Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended, Appropriating Funds Therefor, and for Other Purposes

Sep 5, 2025Taxation
Republic ActNational

RA 12235 - An Act Amending Sections 134 and 168 of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended

Aug 29, 2025Taxation
Republic ActNational

RA 12214 - An Act Amending Sections 22, 24, 25, 27, 28, 32, 34, 38, 39, 42, 51, 52, 56, 57, 127, 149, 174, 176, 179, 190, 199, and 259 of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended, and for Other Purpose

May 29, 2025Taxation
Republic ActNational

RA 12079 - An Act Creating A Vat Refund Mechanism For Non-resident Tourists, Adding A New Section 112-a To the National Internal Revenue Code of 1997, As Amended, For the Purpose

Dec 6, 2024Taxation