WHEREAS, in
compliance with anti-pollution laws, industrial plants operating in the
PHIVIDEC Industrial Estates have installed anti-pollution systems to
protect the community where these plants are located from the
degradation of the environmental condition; chanroblesvirtualawlibrary
WHEREAS, the installation and maintenance of the anti-pollution systems
entail enormous expenses, which add up to the cost of the industrial
plants, yet these devices and equipment do not contribute to the
production outputs of the plants;chanroblesvirtualawlibrary
WHEREAS, these anti-pollution systems are subject to payment of real
property taxes imposed by the PHIVIDEC Industrial Authority pursuant to
PD 538,
WHEREAS, considering that these anti-pollution systems are installed in
industrial plants, they are assessed for taxation on purposes at the
maximum assessment level of 80%, thereby subjecting industrial
operators in the PHIVIDEC Industrial Estates to the payment of higher
realty taxes: chanroblesvirtualawlibrary
WHEREAS, an effective way of encouraging investor to put up additional
industrial plants in the area, is to reduce real property taxes due on
the anti-pollution systems;chanroblesvirtualawlibrary
WHEREAS, under Presidential Decree No. 464, as amended by Presidential
Decree No. 1812, the President of the Philippines is empowered to
adjust the assessment levels or assessed values of real properties
whenever found necessary and in the interest of the general welfare;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution do hereby
order and Decree the following:cralaw:red
Section 1. Anti-pollution machineries, devices and
equipment, installed in industrial plants located in the PHIVIDEC
Industrial Estates, certified by the National Pollution Control
Commission as such, shall be classified as Special Class of Real
Property and therefore the assessment level to be applied to the market
value thereof for real property taxation purposes shall be fifteen
(15%) per cent only;chanroblesvirtualawlibrary
Section 2. The provision of Section 1 hereof shall
apply retro-actively to all anti-pollution machineries, devices and
equipment in the PHIVIDEC Industrial Estate.
Section 3. All acts, orders, rules and resolutions
inconsistent with this Decree are hereby modified
accordingly. chanroblesvirtualawlibrary
Section 4. This Decree shall take effect immediately.
Done in the City of Manila,
this 20th day of July, in the year of Our Lord, nineteen hundred
eighty-three.
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