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A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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ACT NO. 680
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ACT NO. 680 - AN ACT TO AMEND
SECTION THREE OF ACT NUMBERED SIX HUNDRED AND FIFTY-FIVE SO AS TO
DECREASE FROM FIFTY DOLLARS TO TWENTY-FIVE DOLLARS THE MINIMUM VALUE OF
LAND OR IMPROVEMENTS UPON WHICH THE LAND TAX SHALL BE ASSESSED OR
COLLECTED
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Section 1. Section three
of Act Numbered Six hundred and fifty-five, entitled "An Act providing
additional methods of enforcing the payment of cedula tax; repealing
the provisions of existing law that no person shall be required to pay
a cedula tax who pays as taxes on real estate or industrial taxes an
amount in excess of one peso; and exempting certain real estate of
small value from land tax," is hereby amended to read as follows:
"SECTION
3. Whenever the entire final valuation of land or
improvements thereon, for the purpose of taxation, either in the city
of Manila or in any other one municipality, belonging to a single
owner, shall not exceed the sum of twenty-five dollars, in United
States currency, no land tax shall be assessed or collected upon such
land or improvements. This section shall apply to all assessments of
land taxes hereafter made, anything in existing law to the contrary
notwithstanding. But all lands and improvements thereon shall be valued
by the assessors of real estate, whether more or less than twenty-five
dollars in value, in the manner provided by existing law."
Sec. 2. The public good requiring the speedy
enactment of this bill, the passage of the same is hereby expedited in
accordance with section two of "An Act prescribing the order of
procedure by the Commission in the enactment of laws," passed September
twenty-sixth, nineteen hundred.
Sec. 3. This Act shall take effect on its passage.
ENACTED, March 13, 1903.
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