Law Summary
Definition and Coverage
- Targeted at owners of machineries subject to real property taxes
- Relief applies to surcharges, penalties, and interest but not to the basic real property tax
Original Provisions on Tax Amnesty
- Tax amnesty could initially be availed by applying to the City Treasurer's Office
- Original deadline for application was December 31, 2015
Requests for Extension
- Significant number of requests from machinery owners to extend application period
- Consideration of potential additional revenue from extended amnesty
Amended Conditions (Section 4 Amended)
- Tax amnesty or relief can only be availed upon full settlement of basic real property tax on machineries as of application date
- Application filing deadline extended to June 30, 2016
Amended Procedures for Availment (Section 5 Amended)
- Taxpayers must file an application in a prescribed form issued by the City Treasurer's Office
- Deadline for filing application set on or before June 30, 2016
Repealing Clause
- All prior ordinances, rules, and regulations inconsistent with the amendments are repealed or modified accordingly
Effectivity Clause
- Ordinance becomes effective 15 days after publication in a newspaper of general circulation
Legislative Process and Authorship
- Enacted by Sangguniang Panlungsod of Valenzuela City on January 18, 2016
- Authored by multiple councilors, including Majority Floor Leader and Minority Floor Leader
- Certified correct and approved by City Vice Mayor and City Mayor respectively