Bill Type
Congress Name
Long Title
AN ACT TO AMEND SECTION 220 OF REPUBLIC ACT NO. 7160 OTHERWISE KNOWN AS THE `LOCAL GOVERNMENT CODE', AND FOR OTHER PURPOSES
Date filed
July 17, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 1067, 12th Congress of the Republic |
| FULL TITLE : AN ACT TO AMEND SECTION 220 OF REPUBLIC ACT NO. 7160 OTHERWISE KNOWN AS THE `LOCAL GOVERNMENT CODE', AND FOR OTHER PURPOSES |
| ABSTRACT : REAL PROPERTY CLASSIFIED AS RESIDENTIAL SHALL NOT BE REASSESSED MORE OFTENER THAN ONCE EVERY TEN (10) YEARS, AND THAT EACH REASSESSMENT SHALL NOT EXCEED TWENTY PERCENT (20%) ON LAND AND TEN PERCENT (10%) ON BUILDINGS AND OTHER STRUCTURES:AND PROVIDED, FINALLY, THAT IN CASE OF VIOLATION OF THIS PROVISION, A PENALTY OF PERPETUAL DISQUALIFICATIO N TO HOLP PUBLIC OFFICE OR A FINE OF NOT EXCEEDING THREE HUNDRED THOUSAND PESOS (P300,000.00) OR BOTH DISQUALIFICATIO N AND FINE IN THE DISCRETION OF THECOURT , SHALL BE IMPOSED. |
| PRINCIPAL AUTHOR/S : BARINAGA, ROSELLER L. |
| DATE FILED : 2001-07-17 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Syjuco (041 ) |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2001-07-25 |
Abstract
REAL PROPERTY CLASSIFIED AS RESIDENTIAL SHALL NOT BE REASSESSED MORE OFTENER THAN ONCE EVERY TEN (10) YEARS, AND THAT EACH REASSESSMENT SHALL NOT EXCEED TWENTY PERCENT (20%) ON LAND AND TEN PERCENT (10%) ON BUILDINGS AND OTHER STRUCTURES:AND PROVIDED, FINALLY, THAT IN CASE OF VIOLATION OF THIS PROVISION, A PENALTY OF PERPETUAL DISQUALIFICATIO N TO HOLP PUBLIC OFFICE OR A FINE OF NOT EXCEEDING THREE HUNDRED THOUSAND PESOS (P300,000.00) OR BOTH DISQUALIFICATIO N AND FINE IN THE DISCRETION OF THECOURT , SHALL BE IMPOSED.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.