Commonwealth Act No. 534, May 26, 1940
[ Commonwealth Act No. 534, May 26, 1940 ]
AN ACT TO DECLARE INEFFECTIVE THE REDUCTION OF THE ASSESSED VALUE OF ALL PERMANENT PLANTS AND/OR TREES ON ANY TAXABLE REAL PROPERTY IN ANY PROVINCE BY FIFTY PER CENT PENDING THE NEW ASSESSMENT THEREIN, AND TO REPEAL THE PROVISO CONTAINED IN THE SECOND PARAGRAPH OF SECTION FIFTY-THREE OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SEVENTY, KNOWN AS THE "ASSESSMENT LAW."
Be it enacted by the National Assembly of the Philippines:
SECTION 1. The reduction of the assessed value of all permanent plants and/or trees on any taxable real property in any province by fifty per cent pending a new assessment of such plants and/or trees, pursuant to the proviso contained in the second paragraph of section fifty-three of Commonwealth Act numbered Four hundred and seventy, known as the 'Assessment Law,' is declared ineffective, and the said proviso is repealed.
SEC. 2. This Act shall take effect as of January one, nineteen hundred and forty.
Approved, May 26, 1940.
同类文件 Commonwealth Acts
- Commonwealth Act No. 487, June 18, 1939(Commonwealth Act No. 487)
- Commonwealth Act No. 166, November 12, 1936(Commonwealth Act No. 166)
- Commonwealth Act No. 41, October 12, 1936(Commonwealth Act No. 41)
- Commonwealth Act No. 388, September 05, 1938(Commonwealth Act No. 388)
- Commonwealth Act No. 693, October 15, 1945(Commonwealth Act No. 693)
- Commonwealth Act No. 344, June 24, 1938(Commonwealth Act No. 344)
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- Commonwealth Act No. 127, November 05, 1936(Commonwealth Act No. 127)
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