REPUBLIC ACT NO. 1490 - AN ACT DECLARING SHORTAGES IN CERTAIN CONSTRUCTION MATERIALS AND AUTHORIZING THE PRESIDENT OF THE PHILIPPINES TO REDUCE TARIFF RATES FOR SUCH CONSTRUCTION MATERIALS.

1. Cement

70 %

2. Steel, reinforcing and structural

75 %

3. Asphalt

100 %

4. G. I. sheets and building hardwares

75 %

5. Pipes and plumbing materials

75 %

6. Electric wires

75 %

SEC. 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.

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