A
collection of Philippine laws, statutes and codes
not
included or cited in the main
indices
of
the
Chan Robles Virtual Law Library
PRESIDENTIAL DECREE NO. 1913
PRESIDENTIAL DECREE NO. 1913 -
AMENDING SectionS FORTY-ONE AND EIGHTY-SEVEN OF PRESIDENTIAL DECREE
NUMBERED FOUR HUNDRED SIXTY-FOUR, AS AMENDED, OTHERWISE KNOWN AS THE
"REAL PROPERTY TAX CODE", AND FOR OTHER PURPOSES
|
chanroblesvirtualawlibrary
WHEREAS, at
the time the Batasang Pambansa adjourned its Sixth Regular Session, a
number of important bills were left unacted upon due to the lack of
material time; chanroblesvirtualawlibrary
WHEREAS, one of these legislative measures is Parliamentary Bill No.
3452 which, as modified by the Committee on Education, Culture and
Sports and the Committee on Finance, was favorably recommended for
immediate enactment to the Batasang Pambansa under Joint Committee
Report No. 1111;chanroblesvirtualawlibrary
WHEREAS, the aforecited P.B. No. 3452, in substitution of the original
bill and in consolidation with Parliamentary Bills Nos. 3471, 4347,
4352, 4437, 457 and 7251, if enacted into law, will considerably
augment the respective shares of provinces, cities and municipalities
in the Special Education Fund created under Republic Act No. 5447;chanroblesvirtualawlibrary
WHEREAS, the said P.B. No. 3452, as modified by both committees, will
make it possible for local government units to adjust the salaries of
teachers of the national government serving in their respective
jurisdictions, in addition to the other purposes mentioned in Section 1
of R.A. No. 5447, as amended;chanroblesvirtualawlibrary
WHEREAS, the Cabinet has recommended the promulgation of a presidential
decree for the purpose;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
decree and order the following:cralaw:red
Section 1. Section 41 of Presidential Decree Numbered
464, otherwise known as the Real Property Tax Code, as amended, is
hereby further amended to read as follows: chanroblesvirtualawlibrary
"Sec. 41. An additional one per cent tax on real
property for the Special Education Fund. — There is hereby imposed an
annual tax of one per cent on real property to accrue to the Special
Education Fund created under Republic Act No. 5447, which shall be in
addition to the basic real property tax which local governments are
authorized to levy, assess, and collect under this Code: Provided, That
real property granted exemption under Section 40 of this Code shall
also be exempt from the imposition accruing to the Special Education
Fund."
Section 2. Subsection (b) of Section 87 of the same
Code hereby further amended to read as follows:cralaw:red
"Sec. 87. Application of proceeds. —chanroblesvirtualawlibrary
"(a) The entire proceeds of the additional one per
cent real property tax levied for the Special Education Fund created
under Republic Act No. 5447 collected in the province or city on real
property situated in their respective territorial jurisdictions shall
be distributed as follows:cralaw:red
"(1) Collections in the provinces: Fifty-five per
cent shall accrue to the municipality where the property subject to the
tax is situated; twenty-five per cent shall accrue to the province; and
twenty per cent shall be remitted to the Treasurer of the Philippines.
"(2) Collections in the cities and in the cities and
municipalities of Metro Manila: Eighty per cent shall be retained by
cities; including cities and municipalities of Metro-Manila, and twenty
per cent shall be remitted to the Treasurer of the
Philippines." chanroblesvirtualawlibrary
Section 3. Section 87 of the same Code is further
amended by adding thereto a new sub-section to be known as sub-section
(e), which shall read as follows:cralaw:red
"(e) The provisions of existing laws to the contrary
notwithstanding the proceeds of the Special Education Fund accruing to
the local governments may be used for the salary adjustment of teachers
of the national government, in addition to the other purposes mentioned
in Section 1 of Republic Act No. 5447, as amended." chanroblesvirtualawlibrary
Section 4. The Minister of Finance, in consultation
with the Minister of Education, Culture and Sports and the Minister of
the Budget, shall issue rules and regulations to effectively implement
the provisions of this Decree. chanroblesvirtualawlibrary
Section 5. All acts, laws, decrees, rules and
regulations or parts thereof inconsistent herewith are hereby repealed
or modified accordingly.
Section 6. This Decree shall take effect upon its
approval.
Done in the City of Manila,
this 29th day of March, in the Year of Our Lord, nineteen hundred and
eighty-four.
|
Back
to Home
- Back
to Main
chanroblesvirtuallawlibrary
Since 19.07.98
|