Be it enacted by the Senate and House of Representatives of the Philippines in Legislature assembled and by the authority of the same:

SECTION 1. Section twenty-three hundred and ten of the Administrative  Code is hereby.amended to read as  follows:

"SEC.  2310. Time for payment of license taxes.—All municipal license taxes shall accrue on the first of  January of each  year as regards  persons then liable therefor, and the same may be paid in quarterly installments during the first  twenty days of each quarter.   In case  of  failure, to pay any such tax within the time required, the amount of the same shall  be  increased  by twenty  per centum.

"A municipal council may by ordinance extend for an additional  period  of ten  days the time for  the payment of any municipal license tax without penalty, when  the bad condition of the roads, the breaking  of bridges, or the occurrence of a flood,  typhoon, or other similar casualty shall render such  delay desirable  or necessary."

SEC. 2. All acts and  provisions of law inconsistent  herewith are hereby repealed.

SEC. 3. This Act  shall  take effect  on  its approval.

Approved, December 2, 1926.