Amending Article 7, Section 12 (D) of Ordinance No. SP-91, S-93 (Quezon City Revenue Code)

November 20, 2001QUEZON CITY ORDINANCE NO. SP-1081-01AN ORDINANCE AMENDING ARTICLE 7, SECTION 12 (D) OF ORDINANCE NO. SP-91, S-93, MORE POPULARLY KNOWN AS THE QUEZON CITY REVENUE CODE SO AS TO PROVIDE ADDITIONAL INCENTIVE TO PROMPT ANNUAL PAYMENT OF REAL PROPERTY TAXESIntroduced by Councilors ALMA F. MONTILLA and VICTOR V. FERRER, JR.Co-Introduced by Councilors Vincent P. Crisologo, Elizabeth A. Delarmente, Julian M.L. Coseteng, Jesus "Bong" C. Suntay, Janet M. Malaya and Almario E. Francisco.WHEREAS, Section 192 of Republic Act No. 7160, otherwise known as the Local Government Code states that:"Section 192. Authority to Grant Tax Exemption Privileges. — Local government units may, through ordinances duly approved, grant tax exemptions, incentives or reliefs under such terms and conditions as they may deem necessary."WHEREAS, it is the call of the national government to alleviate the economic condition of our people, and our city government to be able to respond to this call must initiate programs and reforms that will benefit both our people and our city government. WHEREAS, the target city revenue can be achieved not only...