(b) For each around three thousand pesos or fractional part thereof in excess from around three thousand pesos, an additional tax of one peso and you may 50 centavos.
Section 5. Part two hundred and thirty-a couple of Commonwealth Work Numbered 500 and you can sixty-six, once the revised because of the area twenty-one of Republic Work Designated Forty, is hereby further revised to read through below:
Sec. 232. Stamp income tax into mortgages, pledges, and you may deeds regarding faith.–For each financial otherwise hope out-of places, home, or possessions, actual or personal, heritable otherwise movable, whatsoever, where in actuality the exact same will be produced as a safety on payment of any special and you will certain amount of cash lent at the the time or previously owed and you can due otherwise forborne to be repaid becoming payable, as well as on any conveyance out-of home, home, or possessions, whatsoever, during the believe or even to getting sold, or else changed into money, and that are going to be and you may created only just like the security, sometimes from the express stipulation or otherwise, truth be told there shall be obtained an effective documentary stamp income tax within following the rates: