PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
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
|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:
"Sec. 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." ï¿½ ï¿½
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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