Section 14Sec./Art. 14

Section 52 of the National Internal Revenue Code of 1997, as amended, is hereby amended to read as follows:

"Section 52. Corporation Returns. -

x x x

(D) Return on Capital Gains Realized from Sale of Shares of Stock not Traded in the Local or Foreign Stock Exchange. - Every corporation deriving capital gains from the sale or exchange of shares of stock, not traded through a local or foreign stock exchange as prescribed under Sections 27(D)(4), 28(A)(1), and 28(B)(5)(c), shall file a return within thirty (30) days after each transaction and a final consolidated return of all transactions during the taxable year on or before the fifteenth (15th) day of the fourth (4th) month following the close of the taxable year."