Exemption of Machinery from Property Tax

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Act No. 2197: Exemption of Machinery from Property Tax

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Title Supreme Court: Exemption of Machinery from Property Tax

Law: Act No. 2197

Decision Date: Dec 4, 1912

Philippine Law, Act No. 2197 exempts machinery used for industrial, agricultural, or manufacturing purposes from property assessments and taxation, requiring owners to submit a detailed statement to the provincial board of tax appeals for a reduction in assessments, with the law taking effect upon its passage.

machinery exemption

property assessment

property taxation

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