An Ordinance Further Amending Section 4 of City Tax Ordinance No. LXIX, Entitled: "An Ordinance Revising the City Tax Ordinance No. 1, Otherwise Known as the Omnibus Tax Ordinance of the City of Cebu, as Amended"

June 26, 2013Excerpt from the Minutes of the Regular Session Held by the Sangguniang Panlungsod of the City of Cebu in its Session Hall on June 26, 2013.RESOLUTION NO. 12-5690-2013The Sangguniang Panlungsod of the City of Cebu, as moved by Member Cabrera and seconded by Member Japson; RESOLVED, to approve the following Ordinance: CEBU CITY TAX ORDINANCE NO. CXXXIAN ORDINANCE FURTHER AMENDING SECTION 4 OF CITY TAX ORDINANCE NO. LXIX, ENTITLED: "AN ORDINANCE REVISING THE CITY TAX ORDINANCE NO. 1, OTHERWISE KNOWN AS THE OMNIBUS TAX ORDINANCE OF THE CITY OF CEBU, AS AMENDED"WHEREAS, the 1987 Philippine Constitution guarantees the protection of Cooperatives as instruments of social justice and economic development;WHEREAS, under Section 133 (n) of Republic Act No. 7160, or the Local Government Code of 1991, the exercise of the taxing powers of local government units shall not extend to the levy of taxes, fees or charges on duly registered Cooperatives;WHEREAS, under Articles 60 and 61 of Republic Act No. 9520, or the Philippine Cooperative Code of 2008, and the Joint Rules and Regulations...