Full Title
AN ACT AMENDING SECTION ONE OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-FOUR, ENTITLED " AN ACT TO REMIT UNDER CERTAIN CONDITIONS, UNPAID TAXES AND PENALTIES OF FORFEITED REAL PROPERTY," TO PROVIDE A NEW TIME LIMIT FOR THE PAYMENT OF THE TAXES CORRESPONDING TO THE YEARS NINETEEN HUNDRED AND THIRTY-EIGHT AD NINETEEN HUNDRED AND THIRTY-NINE.
Congress
2nd National Assembly
Date of Approval
May 9, 1940

Other Details

Issuance Category
Legislative Issuance
Legislative Issuance Type
Commonwealth Act

Official Gazette

Official Gazette Source
Official Gazette vol. 38 no. 116 page 2600 (9/26/1940)

Full Text of Issuance

[ Commonwealth Act No. 524, May 10, 1940 ]

AN ACT AMENDING SECTION ONE OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-FOUR, ENTITLED "AN ACT TO REMIT, UNDER CERTAIN CONDITIONS, UNPAID TAXES AND PENALTIES OF FORFEITED REAL PROPERTY," TO PROVIDE A NEW TIME LIMIT FOR THE PAYMENT OF THE TAXES NINETEEN HUNDRED AND THIRTY-EIGHT AND NINETEEN HUNDRED AND THIRTY-NINE.

Be it enacted by the National Assembly of the Philippines:SECTION 1. Section one of Commonwealth Act Numbered Four hundred and sixty-four is amended to read as follows:

"SECTION 1. All the unpaid real property taxes due on any real property forfeited to the provincial or city government on or prior to January first, nineteen hundred and thirty-nine, or delinquent in the payment of taxes for more than one year prior to January first, nineteen hundred and thirty-nine, and all penalties that have become due thereon and remaining unpaid are remitted, on condition that fifty per centum of the tax corresponding  to the year nineteen hundred and thirty-eight, and the thirty-nine is fully paid on or before April thirtieth, nineteen hundred and forty."

SEC. 2. This Act shall take effect upon its approval.Approved, May 10, 1940.

Source: Supreme Court E-Library