Real Property Tax Incentives for Commercial Classification for Home-Based, Micro and Small Enterprise

December 9, 2019Excerpts from the Minutes of the 21st Regular Session of the 8th City Council of Valenzuela Held on December 09, 2019 at 3:30 P.M. at the City Council's Session Hall, 3rd Floor, Legislative Building, Valenzuela City Hall, Karuhatan, Valenzuela City, Metropolitan Manila.VALENZUELA CITY ORDINANCE NO. 631-20AN ORDINANCE GRANTING REAL PROPERTY TAX RELIEF FOR COMMERCIAL MICRO SMALL MEDIUM ENTERPRISESAuthored by: Coun. WALTER MAGNUM D. DELA CRUZCo-Authored by: Vice Mayor LORENA NATIVIDAD-BORJA, Coun. ROVIN ANDREW M. FELICIANO, Coun. RICARDO RICARR C. ENRIQUEZ, Coun. RAMON L. ENCARNACION, Coun. JENNIFER P. PINGREE, Coun. JOSEPH WILLIAM D. LEE, Coun. CRISSHA M. PINEDA, Coun. KIMBERLY ANN GALANG-TIANGCO, Coun. KRISTIAN ROME T. SY, Coun. NIÑA SHIELA B. LOPEZ, Coun. LOUIE P. NOLASCO, Coun. CHIQUI MARIE N. CARREON, Coun. BIENVENIDO S. BARTOLOME, JR. and Coun. EXEQUIEL D. SERRANO.WHEREAS, Section 16 of Republic Act (R.A.) No. 7160, otherwise known as the Local Government Code of 1991, provides that every local government unit shall exercise power essential to the promotion of the general welfare within their respective territorial jurisdiction, ensure and support, among...