Tax Incentives to Owners or Lessees of Buildings/Structures on Payment of Additional Realty Tax on Improvements

July 31, 2003 MANILA CITY ORDINANCE NO. 8057 AN ORDINANCE GRANTING FURTHER TAX INCENTIVES TO OWNERS OR LESSEES OF BUILDINGS/STRUCTURES LOCATED ALONG AND/OR WITHIN QUEZON BOULEVARD, QUIAPO AREA, STA. CRUZ INCLUDING RIZAL AVENUE UP TO THE CITY LIMITS, ESCOLTA AND SAN NICOLAS AREA ON PAYMENT OF ADDITIONAL REALTY TAX ON IMPROVEMENTS OCCASIONED BY MAJOR REPAIRS, REHABILITATION OR RECONSTRUCTION OF EXISTING BUILDINGS/STRUCTURES FOR A PERIOD OF FIVE (5) YEARS, UNDER CERTAIN TERMS AND CONDITIONS, AND FOR OTHER PURPOSES Administration Measure Principal Authors: Hon. Miles M. Roces, Hon. Amalia A. Tolentino and Hon. Victoriano A. Melendez Co-Authors: Hon. Bernardito C. Ang, Hon. Benjamin D. Asilo, Hon. Cita Astals, Hon. Jocelyn B. Dawis-Asuncion, Hon. Don Ramon A. Bagatsing, Hon. Nelissa F. Beltran, Hon. Ruben F. Buenaventura, Hon. Abraham C. Cabochan, Hon. Carlos C. Castaeda, Hon. Juan Miguel T. Cuna, Hon. Ma. Theresa B. Bonoan-David, Hon. Ma. Asuncion G. Fugoso, Hon. Francesca Marie P. Gernale, Hon. Richard C. Ibay, Hon. Martin V.I. Isidro, Jr., Hon. Ricardo S. Isip, Hon. Irma C. Alfonso-Juson, Hon. Arlene W. Koa, Hon. Pacifico D. Laxa, Hon. Julio E. Logarta, Jr., Hon. Jhosep Y. Lopez, Hon. Edward V.P. Maceda, Hon. Isko Moreno, Hon. Patrick S. Ocampo, Hon. Roberto R. Ortega, Jr., Hon. Eduardo P. Quintos XIV, Hon. Elizabeth Z. Rivera, Hon. Larry C. Silva, Hon. Casimiro C. Sison, Hon. Edward M. Tan, Hon. Danilo T. Varona, Hon. Luciano M. Veloso, Hon. Manuel M. Zarcal, Hon. Marlon M. Lacson, Majority Floor Leader and Hon. Alejandro I. Atienza, Acting Presiding Officer Be it ordained by the City of Manila, THAT: SECTION 1. Owners or lessees of existing buildings/structures located along and/or within Quezon Boulevard, Quiapo area, Sta. Cruz including Rizal Avenue up to the City limits Escolta and San Nicolas area, are hereby imposed a basic rate of zero percent (0%) on the increase in the assessed value of the real property, comprising of buildings/structures or improvements occasioned by major repairs, rehabilitation or reconstruction of said edifices. SECTION 2. As used herein, the terms major repairs or rehabilitation shall refer to restoration/improvement works of any building, to enhance its appearance and/or prolong its economic life, while the term reconstruction shall refer to construction of new building. SECTION 3. The tax incentive herein granted, shall be for a period of (5) years, to take effect on the first day of January of the succeeding year, following the date of issuance of a certificate of tax incentive. SECTION 4. To avail of the tax incentive herein granted, owners or lessees are required to file within sixty (60) days after the completion of such repair, rehabilitation or reconstruction, a written application for grant of tax incentive before the Office of the City Assessor, accompanied by the following documents: a) Certified True Copy of Transfer Certificate of Title, where the structure is to be repaired/rehabilitated/reconstructed b) Realty Tax Clearance for land and improvement c) Certified True Copy of Building Permit d) One (1) copy of approved plans and specifications e) Certified True Copy of Occupancy Permit f) Certified True Copy of Demolition Permit, in case of new construction g) Certified True Copy of Contract of Lease, in case the owner of building is not the owner of lot SECTION 5. The City Assessor shall process the application and forward the same to the City Mayor with his comment(s) and/or recommendation(s), for proper disposition. Once the City Mayor approves the application, the grantee shall be issued a Certificate of Tax Incentive signed by the City Mayor. All other provisions and implementing rules and regulations pertaining to the issuance of tax declarations shall remain the same. SECTION 6. The City Assessor shall likewise determine the assessed value of the buildings/structures as mentioned under Section 1 hereof, to be used as basis for taxation, after the expiration of the period of tax incentive. SECTION 7. The tax incentive herein granted, shall apply to improvements with minimum construction costs of ONE MILLION PESOS (Php1,000,000.00), as per building permit(s) to be issued by the Office of the Building Official upon the effectivity of its Ordinance: PROVIDED That the period of availment through written application of this tax incentive shall terminate on December 31, 2005. SECTION 8. Any tax incentive granted may be revoked or rescinded in case the grant hereof, was obtained thru misrepresentation, falsification, deceit, or fraud and the offending party shall be held criminally and/or administratively liable. SECTION 9 . Penalty Clause. Any person found violating or infringing the provisions of this Ordinance or any part hereof, shall upon conviction, be punished by a fine of FIVE THOUSAND PESOS (Php5,000.00), or by imprisonment of six (6) months. SECTION 10. Repealing Clause. All ordinances or parts thereof, which are inconsistent herewith, are hereby amended, modified or repealed accordingly. SECTION 11. Effectivity Clause. This Ordinance shall take effect upon its approval. Enacted by the City Council of Manila at is regular session today, July 31, 2003. Approved by His Honor, the Mayor, on August 11, 2003. APPROVED: (SGD.) JOSE L. ATIENZA, JR. Mayor City of Manila (SGD.) ALEJANDRO I. ATIENZA President Pro-Tempore and Acting Presiding Officer City Council, Manila ATTESTED: (SGD.) EMMANUEL R. SISON Secretary to the Mayor (SGD.) RODOLFO F. LAPID Secretary to the City Council