Amendment to Section 46 of B.P. Blg. 232
Batas Pambansa Bilang 400, enacted on June 3, 1983, amends Section 46 of Batas Pambansa Bilang 232 regarding the taxation of school property. Real estate used exclusively for educational purposes is subject to a real property tax assessed at 15% of its market value, with proceeds allocated to a special fund for private education. This fund is managed by a local private school board, which includes the mayor or a representative and members from the educational institutions and local alumni. In areas with more than fifteen private institutions serving over 5,000 students, the board can expand to up to fourteen members. The board is responsible for financing scholarships and improving educational facilities and resources.
Quick Answers
- What is Amendment to Section 46 of B.P. Blg. 232 about?
- Batas Pambansa Bilang 400, enacted on June 3, 1983, amends Section 46 of Batas Pambansa Bilang 232 regarding the taxation of school property. Real estate used exclusively for educational purposes is subject to a real property tax assessed at 15% of its market value, with proceeds allocated to a special fund for private education. This fund is managed by a local private school board, which includes the mayor or a representative and members from the educational institutions and local alumni. In areas with more than fifteen private institutions serving over 5,000 students, the board can expand to up to fourteen members. The board is responsible for financing scholarships and improving educational facilities and resources.
- What type of law is Batas Pambansa Blg. 400?
- Amendment to Section 46 of B.P. Blg. 232 (Batas Pambansa Blg. 400) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Amendment to Section 46 of B.P. Blg. 232 enacted?
- Amendment to Section 46 of B.P. Blg. 232 (Batas Pambansa Blg. 400) was enacted on Jun 3, 1983.
- What is the citation for Amendment to Section 46 of B.P. Blg. 232?
- Amendment to Section 46 of B.P. Blg. 232, Batas Pambansa Blg. 400, Jun 3, 1983 (Philippines)
Law Information
- Reference Number
- Batas Pambansa Blg. 400
- Date Enacted
- Category
- Statutes
- Subcategory
- Mga Batas Pambansa
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 3, 1983
BATAS PAMBANSA BLG. 400
AN ACT AMENDING SECTION FORTY-SIX OF BATAS PAMBANSA BILANG 232
Section forty-six of Batas Pambansa Bilang 232 is amended to read as follows:
"SEC. 46. Relating to School Property. — Real property, such as lands, buildings and other improvements thereon used actually, directly and exclusively for educational purposes, shall be subject to the real property tax based on an assessment of fifteen percent of the market value of such property: Provided, That all the proceeds from the payment thereof shall accrue to a special private education fund which shall be managed and disbursed by a local private school board which shall be constituted in each municipality or chartered city with private educational institutions with the mayor or his representative as chairman and not more than two representatives of the institutional taxpayers, and, likewise, not more than two residents of the municipality or chartered city who are alumni of any of the institutional taxpayers as members: Provided, finally, That in municipalities or chartered cities wherein the number of private institutions with individual enrollment of pupils and students over five thousand exceeds fifteen, the members of the private school board shall be increased to not more than fourteen members determined proportionately by the Minister of Education, Culture and Sports. The private school board shall adopt its own rules which shall enable it to finance the annual programs and projects of each institutional taxpayers for the following purposes: student-pupil scholarships; improvement of instructional, including laboratory, facilities, and/or equipment; library books and periodicals acquisition; and extension service in the community, in that order of priority." cd
SECTION 2. This Act shall take effect upon its approval.
Approved: June 3, 1983
Published in the Official Gazette, Vol. 80 No. 11 Page 1614 on March 12, 1984.
Cite This Law
Amendment to Section 46 of B.P. Blg. 232, Batas Pambansa Blg. 400, Jun 3, 1983 (Philippines)
Amendment to Section 46 of B.P. Blg. 232, Batas Pambansa Blg. 400 (Phil. 1983)
Related Laws
- Amendment to Sec. 25 of B.P. Blg. 232 (Education Act of 1982)Republic Act No. 7798 • Aug 25, 1994 • Statutes
- Extending the Effectivity of B.P. Blg. 25Batas Pambansa Blg. 867 • Dec 28, 1984 • Statutes
- Amendments to B.P. Blg. 12 (University of Southern Philippines)Batas Pambansa Blg. 87 • Oct 14, 1980 • Statutes
- Amendment to B.P. Blg. 129 Re: Expansion of CA JurisdictionRepublic Act No. 7902 • Feb 23, 1995 • Statutes
- Supplement to the Rules and Regulations Issued to Implement the Provisions of B.P. Blg. 232 under MECS Order No. 25, S. 1985MECS Order No. 034-85 • May 30, 1985 • Other Rules and Procedures
- Amendment to Section 8 of B.P. Blg. 20Presidential Decree No. 1627 • Jul 6, 1979 • Presidential Issuances
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