Repealing Provincial Ordinance No. 001-2007

March 13, 2007 Excerpts from the Minutes of the 11th Regular Session of the Sangguniang Panlalawigan of the Province of Catanduanes Held at the SP Session Hall, Capitol Building, Virac, Catanduanes on March 13, 2007. CATANDUANES PROVINCIAL ORDINANCE NO. 003-07 Co-sponsored by: Hon. Rosemarie S. Zafe, Hon. Rafael C. Zuniega & Hon. Shirley A. Abundo REPEALING PROVINCIAL ORDINANCE NO. 001-2007 AND ENACTING AN ORDINANCE SUSPENDING FOR ONE YEAR THE IMPLEMENTATION OF THE REVISED RATES ON THE ASSESSMENT OF REAL PROPERTIES AS AUTHORIZED UNDER SP RESOLUTION NO. 087-1005 ENACTING ORDINANCE NO. 002-2005 AS WELL AS EXTENDING POLICY GRANTED FOR ADVANCE PAYMENT OF REAL PROPERTY TAX IN THE ENTIRE PROVINCE OF CATANDUANES BE IT ORDAINED , by the Sangguniang Panlalawigan of the Province of Catanduanes, in session assembled, be it further enacted the following provisions: SECTION 1. Suspension of Implementation for the Entire 2007 of the Revised Assessment Rates . That the implementation or imposition of the new revised schedule of market values for lands and schedule of unit construction cost for buildings and other structures in the entire Province of Catanduanes as authorized under Provincial Ordinance No. 002-2005 as embodied and enacted under SP Resolution No. 087-2005, is hereby suspended for the entire year of 2007; the old rates thereof prior to 2006 being imposed by all Municipal Assessment Offices shall still thus be the basis for the assessment of rates of tax on real properties for the entire 2007. ASTcaE SECTION 2. Extension of the Grant of Discount to Advance Payments . That the grant of the 20% discount for advance payment of real property tax for the year 2007 is hereby extended until March 31, 2007 in the entire province of Catanduanes; SECTION 3. Provision of Tax Credit . Those who have already paid their real property tax for 2007 and which tax was computed based on the new scheduled and/or without the 20% discount including those who availed only of a lesser discount when they paid their assessments prior to the effectivity of this Ordinance are hereby granted tax credits which shall only be equivalent to the difference in the assessment based on the old and new rates as well as upon the discount not availed, and such tax credit may be applied to the next payment of real property tax; SECTION 4. Effectivity . This Ordinance shall take effect immediately. UNANIMOUSLY APPROVED . I HEREBY CERTIFY TO THE CORRECTNESS OF THE ABOVE-QUOTED ORDINANCE . (SGD.) URSUS S. DE QUIROS Secretary to the SP Attested: (SGD.) MEDIN T. ZAFE Provincial Board Member/PCL President Temporary Presiding Officer (SGD.) ROSEMARIE S. ZAFE Provincial Board MemberProponent (SGD.) SHIRLEY A. ABUNDO Provincial Board Member Proponent (SGD.) RAFAEL C. ZUNIEGA Provincial Board Member Proponent Approved: (SGD.) LEANDRO B. VERCELES, JR. Provincial Governor