AN
ACT TO REMIT THE LAND TAX DUE BETWEEN THE FIRST SEMESTER OF THE YEAR
NINETEEN
HUNDRED AND FORTY-ONE AND THE SECOND SEMESTER OF THE YEAR NINETEEN
HUNDRED
AND FORTY-ONE AND THE SECOND SEMESTER OF THE YEAR NINETEEN HUNDRED AND
FORTY-FIVE; AND TO EXTEND THE TIME WITHIN WHICH A FORMER OWNER MAY
REPURCHASE
REAL PROPERTY BOUGHT BY A THIRD PARTY AT PUBLIC SALE TO COVER
DELINQUENT
TAXES AND PENALTIES THEREON DURING THE AFORESAID PERIOD.
chan robles virtual law library
chan robles virtual law library
Section
1. All land taxes and penalties
due and payable for the years nineteen hundred and forty-two, nineteen
hundred and forty-three, nineteen hundred and forty-four and fifty per
cent of the tax due for nineteen hundred and forty-five, are hereby
remitted.
The land taxes and penalties due and payable for the second semester of
the year nineteen hundred and forty-one shall be remitted if the
remaining
fifty per cent corresponding to the year nineteen hundred and
forty-five
shall have been paid on or before December thirty-first, nineteen
hundred
and forty-five.
chan robles virtual law library
Sec.
2. There shall also be
remitted the land taxes on all lands, used mainly for the construction
of any building which has been burned or destroyed by reason of the
present
war, until another building shall have been constructed thereon:
Provided,
however, That this exemption shall lapse after one year from the
approval
of this Act.
chan robles virtual law library
Sec.
3. All forfeitures of real
property by reason of delinquency in the payment of the taxes and
penalties
corresponding to the above-mentioned period are hereby lifted, and such
properties forfeited shall be returned to the owners thereof, unless
the
same have already been sold in accordance with law in favor of a third
party, in which case the former owner is given a period of one year
after
the approval of this Act within which to repurchase the same at the
same
price for which it has been sold with legal interest plus the
reasonable
value of the improvements therein made, if any: Provided, That the
remaining
fifty per cent of the tax due for the year nineteen hundred and
forty-five
shall have been paid on or before December thirty-first, nineteen
hundred
and forty-five.
chan robles virtual law library
Sec.
4. This Act shall take
effect upon its approval.
