LETTER OF INSTRUCTIONS NO. 60, March 02, 1973

[ LETTER OF INSTRUCTIONS NO. 60, March 02, 1973 ]

TO: The Secretary of Local Governments

and Community Development

The Secretary of Finance

The new Constitution which took effect on January 17, 1973 authorizes local governments to impose new taxes in accordance with a Local Government Code that shall be established.

Inasmuch as said Local Government Code has yet to be drawn up and put into effect, it is hereby directed that no new taxes shall be passed by any municipal, city or provincial government under the Local Autonomy Act, Republic Act No. 2264, until the Local Government Code provided for in the new Constitution shall have come into effect.

(Sgd).) FERDINAND E. MARCOS President Republic of the Philippines