The Revenue Code of the Municipality of Taguig

December 9, 2005TAGUIG CITY ORDINANCE NO. 085-05AN ORDINANCE AMENDING CERTAIN PROVISIONS OF THE MUNICIPAL ORDINANCE NO. 24 SERIES OF 1993 OTHERWISE KNOWN AS "THE REVENUE CODE OF TAGUIG" AND ADOPTING THE NEW RATES PRESCRIBED UNDER THIS ORDINANCESponsored by:Coun. Aurelio Paulo R. BartolomeCoun. Glen N. San PedroCoun. Allan Paul C. CruzCoun. Arnel M. CeraficaCoun. Henry M. Dueñas, Jr.Coun. Elpidio M. JavierCoun. Ricardo J. JordanCoun. Delio J. SantosCoun. Marisse Balina-EronCoun. Baltazar T. MariategueLiga Pres. Floro C. HernandezSK Fed. Pres. Lord Kristine E. ValenzuelaWHEREAS, the new Local Government Code under Section 151 in relation to section 142 empowers cities to levy taxes, fees and charges levied and collected by highly urbanized and independent component cities shall accrue to them and distributed in accordance with the provisions of the Revenue Code;WHEREAS, Ordinance No. 24-93 otherwise known as "The Revenue Code of the Municipality of Taguig" was ratified and approved in 1993 based on the country's then economic, social and political status;WHEREAS, despite previous revisions in the past, some of the major components of the existing Taguig Revenue Code had...