Brand new pawn is the individual property delivered because of the pawner so you’re able to the brand new pawnee as the cover for a loan
(b) On every around three thousand pesos otherwise fractional area thereof in excess of about three thousand pesos, a supplementary tax of just one peso and you can fifty centavos.
Part 5. Area 200 and you may thirty-a couple of Commonwealth Work Numbered 500 and you will sixty-half dozen, because the revised of the area twenty-certainly Republic Work Designated 40, is hereby next amended to learn the following:
Sec. 232. Stamp taxation on the mortgage loans, promises, and you will deeds of believe.–On every financial otherwise pledge regarding places, estate, or property, actual otherwise individual, heritable otherwise movable, after all, where in fact the exact same would be made just like the a security for the payment of any specific and specific amount of cash lent at the enough time or prior to now owed and you can owing otherwise cash advance out of Crook Colorado forborne to-be paid back being payable, and on one conveyance off house, property, otherwise possessions, anyway, in the trust or perhaps to end up being offered, if not converted into money, hence might be and required simply as the safety, possibly from the share stipulation or otherwise, around are going to be accumulated a good documentary stamp income tax from the following the rates: