An Act to Provide that Any General Revision of the Assessments for Any Municipality or Municipalities by the Provincial Assessor of the Respective Province during the Year Nineteen Hundred and Thirty-Six shall become Effective as of January First of that Year
Commonwealth Act No. 74, approved on October 24, 1936, mandates that any general revision of property assessments by provincial assessors in the Philippines during that year will take effect retroactively from January 1, 1936. This provision overrides previous regulations, allowing revised assessments to be applied for tax collection from that date, contingent upon approval from the Provincial Board and the Secretary of the Interior. Importantly, taxpayers will not receive reimbursements for overpayments; instead, any excess will be credited toward future tax obligations. The Act is effective upon its approval.
Law Information
- Reference Number
- Commonwealth Act No. 74
- Date Enacted
- Category
- Statutes
- Subcategory
- Commonwealth Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 24, 1936
COMMONWEALTH ACT NO. 74
AN ACT TO PROVIDE THAT ANY GENERAL REVISION OF THE ASSESSMENTS FOR ANY MUNICIPALITY OR MUNICIPALITIES BY THE PROVINCIAL ASSESSOR OF THE RESPECTIVE PROVINCE DURING THE YEAR NINETEEN HUNDRED AND THIRTY-SIX SHALL BECOME EFFECTIVE AS OF JANUARY FIRST OF THAT YEAR
SECTION 1. The provisions of section ten of Act Numbered Thirty-nine hundred and ninety-five to the contrary notwithstanding, any general revision of the assessments for any municipality or municipalities by the provincial assessor of the respective province during the year nineteen hundred and thirty-six shall become operative on the first day of January of the said year nineteen hundred and thirty-six, so that the revised assessment shall take effect as of the date aforementioned and the corresponding taxes collected accordingly: Provided, however, That the provisions hereof shall not apply to any revision of the assessments until the respective Provincial Board shall so direct with the approval of the Secretary of the Interior: Provided, further, That no reimbursement shall be made for any payment in excess of the amount payable by the taxpayer under the revised assessment, but such excess payment shall be credited to the account of the tax-payer for taxes due or to become due upon the assessed real property or any other property belonging to him.
SECTION 2. This Act shall take effect on its approval.
Approved, October 24, 1936.
Cite This Law
An Act to Provide that Any General Revision of the Assessments for Any Municipality or Municipalities by the Provincial Assessor of the Respective Province during the Year Nineteen Hundred and Thirty-Six shall become Effective as of January First of that Year, Commonwealth Act No. 74, Oct 24, 1936 (Philippines)
An Act to Provide that Any General Revision of the Assessments for Any Municipality or Municipalities by the Provincial Assessor of the Respective Province during the Year Nineteen Hundred and Thirty-Six shall become Effective as of January First of that Year, Commonwealth Act No. 74 (Phil. 1936)
Related Laws
- Revision and Correction of Land-Tax AssessmentsAct No. 2238 • Feb 11, 1913 • Statutes
- An Act to Create an Advance Fund of Two Million Pesos to Finance a General Revision of Real Property Assessments in the ProvincesCommonwealth Act No. 468 • Jun 15, 1939 • Statutes
- Partial Revision of Assessments Upon Real Estate in Municipalities Outside City of ManilaAct No. 582 • Jan 8, 1903 • Statutes
- An Act Making Applicable to that Part of the Philippine Islands Inhabited by Moros or Other Non-Christian Tribes Certain Acts of the Third Philippine LegislatureAct No. 2276 • Apr 18, 1913 • Statutes
- Creation of Advance Fund to Finance General Revision of Real Property AssessmentsRepublic Act No. 78 • Oct 21, 1946 • Statutes
- An Act to Provide a Method of Equalization and Revaluation of Land Assessments and Annual Rental Values in the Province of SamarAct No. 1664 • Jun 29, 1907 • Statutes
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