Tax Exemption for People's Homesite and Housing Corp.
Republic Act No. 3463, enacted on June 16, 1962, exempts the People's Homesite and Housing Corporation from all forms of taxes, duties, fees, and other charges, including income and realty taxes, as well as customs duties and building fees. Additionally, any documents or contracts involving the Corporation are also exempt from documentary stamp tax and registration fees. The Act also condones any unpaid taxes owed by the Corporation prior to its passage. The law took effect immediately upon its approval and was published in the Official Gazette on October 22, 1962.
Law Information
- Reference Number
- Republic Act No. 3463
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 16, 1962
REPUBLIC ACT NO. 3463
AN ACT TO EXEMPT THE PEOPLE'S HOMESITE AND HOUSING CORPORATION FROM THE PAYMENT OF ALL TAXES, DUTIES, FEES AND OTHER CHARGES
SECTION 1. People's Homesite and Housing Corporation taxes. — The provision of law to the contrary notwithstanding, the People's Homesite and Housing Corporation is hereby exempted from the payment of any and all fees and taxes of any kind, whether local of general, such as income and realty taxes, special assessments, customs duties, exchange tax, building fees and others.
SECTION 2. Documents and contracts. — All documents or contracts executed by or in favor of the People's Homesite and Housing Corporation shall also be exempt from the payment of documentary stamp tax and registration fees, including fees for the issuance of titles.
SECTION 3. Condonation of unpaid taxes. — All taxes remaining unpaid by the People's Homesite and Housing Corporation up to the passage of this Act are hereby condoned.
SECTION 4. This Act shall take effect upon its approval. cd
Approved: June 16, 1962.
Published in the Official Gazette, Vol. 58, No. 43, p. 7010 on October 22, 1962.
Cite This Law
Tax Exemption for People's Homesite and Housing Corp., Republic Act No. 3463, Jun 16, 1962 (Philippines)
Tax Exemption for People's Homesite and Housing Corp., Republic Act No. 3463 (Phil. 1962)
Related Laws
- Extension of Life of People's Homesite and Housing Corp.Republic Act No. 6091 • Aug 4, 1969 • Statutes
- Funding for People's Homesite and Housing Corporation ProjectsRepublic Act No. 1322 • Jun 16, 1955 • Statutes
- Transfer of Administration of Laborers' Dwelling from Labor Secretary to People's Homesite and Housing Corp.Republic Act No. 2618 • Mar 22, 1960 • Statutes
- Authority of Government through People's Homesite and Housing Corp. to Guarantee Certain Losses on LoansRepublic Act No. 222 • Jun 15, 1948 • Statutes
- Authority of People's Homesite and Housing Corp. to Acquire Parcel of Land in Barrio Pansol, Quezon CityRepublic Act No. 4640 • Jun 19, 1965 • Statutes
- Social and Economic Uplift of Relocated FamiliesRepublic Act No. 6026 • Aug 4, 1969 • Statutes
Browse More Statutes
Explore other laws in the Statutes category.
View All StatutesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law