Act No. 1743, enacted on October 4, 1907, establishes a reduced annual tax rate of one and one-half percent on the assessed value of real estate in Manila for the year 1908, down from two percent. The tax is to be paid in two installments: one percent by July 1, 1908, and the remaining half percent by December 31, 1908. The act emphasizes the urgency of its passage for the public good, allowing for expedited legislative procedures. It takes effect immediately upon its approval.
October 4, 1907
ACT NO. 1743
AN ACT TO PROVIDE THAT THE ANNUAL TAX ON THE ASSESSED VALUE OF REAL ESTATE IN THE CITY OF MANILA FOR THE YEAR NINETEEN HUNDRED AND EIGHT SHALL BE ONE AND ONE-HALF PER CENTUM THEREOF
SECTION 1. The annual tax on the assessed value of all real estate in the city of Manila subject to taxation shall be for the year nineteen hundred and eight one and one-half per centum thereof instead of two per centum thereof, anything contained in section forty-seven of Act Numbered One hundred and eighty-three, as amended, to the contrary notwithstanding: Provided, however, That one per centum of the assessed value of all such real estate shall be payable on or before the first day of July, nineteen hundred and eight, and the remaining one-half of one per centum shall be payable on or before the thirty-first day of December, nineteen hundred and eight.
SECTION 2. The public good requiring the speedy enactment of this bill, the passage of the same is hereby expedited in accordance with section two of "An Act prescribing the order of procedure by the Commission in the enactment of laws," passed September twenty-sixth, nineteen hundred.
SECTION 3. This Act shall take effect on its passage.
Enacted: October 4, 1907