Bill Type
Congress Name
Long Title
AN ACT GRANTING REAL PROPERTY AND TRANSFER TAX EXEMPTIONS TO REAL ESTATE DEVELOPERS, AMENDING FOR THIS PURPOSE SECTIONS 135 AND 234 OF THE LOCAL GOVERNMENT CODE OF 1991 AND FOR OTHER PURPOSES
Date filed
July 2, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00424 |
| FULL TITLE : AN ACT GRANTING REAL PROPERTY AND TRANSFER TAX EXEMPTIONS TO REAL ESTATE DEVELOPERS, AMENDING FOR THIS PURPOSE SECTIONS 135 AND 234 OF THE LOCAL GOVERNMENT CODE OF 1991 AND FOR OTHER PURPOSES |
| ABSTRACT : The bill exempts from real property and transfer taxes the donation of roads, alleys, sidewalks amd open spaces for parks, playgrounds and recreational facilities to local government units and homeowners associations of subdivision projects. |
| PRINCIPAL AUTHOR/S : ZIALCITA, EDUARDO C. |
| DATE FILED : 2007-07-02 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Villarosa (014 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON LOCAL GOVERNMENT ON 2007-07-30 |
Abstract
The bill exempts from real property and transfer taxes the donation of roads, alleys, sidewalks amd open spaces for parks, playgrounds and recreational facilities to local government units and homeowners associations of subdivision projects.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.