An Ordinance Amending Chapter Three (3), Article 7, Section 16 (A), (B), (D), (E01), (E02) and (F03) of City Ordinance No. 565, s. of 2011.

December 27, 2012BACOLOD CITY ORDINANCE NO. 627-12AN ORDINANCE AMENDING CHAPTER THREE (3), ARTICLE 7, SECTION 16 (A), (B), (D), (E01), (E02) AND (F03) OF CITY ORDINANCE NO. 565, SERIES OF 2011, OTHERWISE KNOWN AS "AN ORDINANCE APPROVING THE REVISED LOCAL REVENUE CODE OF BACOLOD CITY"WHEREAS, DILG-DOF Joint Memorandum Circular 2012 was issued last January 13, 2012 directing all municipal governors, city and municipal mayors, presiding officers and members of the Sangguniang Panlalawigan/Panlungsod/Bayan, the regional and provincial directors of the Department of Interior and Local Government (DILG) and the Department of Finance, particularly the Bureau of Local Government Finance, and all others concerned to update their respective local revenue codes; WHEREAS, the old revenue code of the City of Bacolod has been in existence for eighteen (18) years;WHEREAS, in our effort to comply with the Local Government Code, City Ordinance No. 565 or the Bacolod City Revenue Code was passed last November 11, 2011 revising the existing tax ordinance of the City;WHEREAS, Bacolod City was once awarded as a business-friendly city all over the Philippines and...