Revenue Code of the Municipality of Valenzuela

December 7, 1992VALENZUELA MUNICIPAL ORDINANCE NO. 012-92AN ORDINANCE PROVIDING FOR A REVENUE CODE OF THE MUNICIPALITY OF VALENZUELABOOK IWHEREAS, Republic Act No. 7160, otherwise known as the "Local Government Code of 1991" has empowered each local government unit to create its own sources of revenue and to levy taxes, fees, and charges subject to the provisions of the aforementioned Code and consistent with the basic policy of local autonomy; WHEREAS, paragraph (c) of Section 305 of the Local Government Code of 1991 provides that local revenue is obtainable only from sources expressly authorized by law or ordinance;NOW THEREFORE, be it ORDAINED by the Sangguniang Bayan of Valenzuela in session assembled that:SECTION 1. Title. — This ordinance shall be known and cited as the "Revenue Code of the Municipality of Valenzuela, Book I."SECTION 2. Scope. — The provisions herein shall govern the exercise by the Municipality of Valenzuela of its taxing and other revenue-raising powers enumerated in TITLE ONE, BOOK II of Republic Act No. 7160, otherwise known as the "Local Government Code of 1991." ECTIcSSECTION...