Amendment to Sec. 1 of C.A. No. 464 Re: Remittance of Unpaid Taxes and Penalties of Forfeited Real Property

May 10, 1940

COMMONWEALTH ACT NO. 524

AN ACT AMENDING SECTION ONE OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-FOUR, ENTITLED "AN ACT TO REMIT, UNDER CERTAIN CONDITIONS, UNPAID TAXES AND PENALTIES OF FORFEITED REAL PROPERTY," TO PROVIDE A NEW TIME LIMIT FOR THE PAYMENT OF THE TAXES CORRESPONDING TO THE YEARS NINETEEN HUNDRED AND THIRTY-EIGHT AND NINETEEN HUNDRED AND THIRTY-NINE

SECTION 1. Section one of Commonwealth Act Numbered Four hundred and sixty-four is amended to read as follows:

"SEC. 1. All the unpaid real property taxes due on any real property forfeited to the provincial or city government on or prior to January first, nineteen hundred and thirty-nine, or delinquent in the payment of taxes for more than one year prior to January first, nineteen hundred and thirty-nine, and all penalties that have become due thereon and remaining unpaid are remitted, on condition that fifty per centum of the tax corresponding to the year nineteen hundred and thirty-eight, and the entire tax corresponding to the year nineteen hundred and thirty-nine is fully paid on or before April thirtieth, nineteen hundred and forty."

SECTION 2. This Act shall take effect upon its approval.

Approved: May 10, 1940