Release Of Tax. -Be Granted On Imports Of Materials For The Establishment Of New Industries In The Country.

Original Language Title: LIBERACION DE IMPUESTOS. — SE OTORGA A LA IMPORTACIÓN DE MATERIALES PARA EL ESTABLECIMIENTO DE NUEVAS INDUSTRIAS EN EL PAÍS.

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law of December 2, 1947

TAX RELEASE. †" It is granted to the import of materials for the establishment of new industries in the paA-s.

ENRIQUE HERTZOG G.

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA

For how much, the Honorable National Congress has sanctioned the following Law:

THE H. NATIONAL CONGRESS

DECCRETA:

ArtA-culo 1o. †" Free from the payment of customs duties and taxes, with the exception of those of the state and university, all imports of machinery, accessories and other implements intended for the establishment of new industries in the paA-s, for the term of five years.

Article 2o. †" For equity, the benefits of this Law, the entities or persons that have been in the process of being released to the national authorities from the 1st. of January 1946.

ArtA-culo 3o. †" The Executive Branch will regulate this law.

Communicate to the Executive Branch for constitutional purposes.

Session of the H. National Congress.

La Paz, November 17, 1947.

M. Urriolagoitia †" A. LandA-var Ribera. †"M. Mogro Moreno, Senator Secretary â€" P. Saucedo BarberA-, Senator Secretary †"P. MontaA ± o, Diputado Secretariaâ€" A. Camacho PAHÁrcel, Deputy Secretary.

FOR TANTO: promulgated it so that it has and will comply with the Law of the Republic

Palace of Government, in the city of La Paz, at the two days of December of a thousand nine hundred and forty-seven years.

E. HERTZOG. †" C. Guachalla.