2011 O - 04 - EXTENDING THE 20 % DISCOUNT ON THE ADVANCE PAYMENT OF REAL PROPERTY TAXES DUE FOR THE YEAR 2011

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON JANUARY 26, 2011 AT THE CITY HALL.

PRESENT:

Hon. Rolen C. Paulino - City Vice-Mayor and Presiding Officer

Hon. Eyrma Yvette Marzan-Estella- City Councilor

Hon. Aquilino Y. Cortez, Jr. ---- “ “

Hon. James G. Delos Reyes -- “ “

Hon. Elena C. Dabu -- “ “

Hon. Eduardo J. Piano -- “ “

Hon. Edna A. Elane - “ “

Hon. Noel Y. Atienza--- “ “

Hon. Carlito A. Baloy--President, Liga ng mga Barangay

Hon. Dolly Mae M. Ramos---SK Federation President

ABSENT:

Hon. Rodel S. Cerezo--City Councilor

Hon. Gina Gulanes-Perez---City Councilor (On Official Business)

Hon. Sarah Lugerna Lipumano-Garcia---President, Liga ng mga Barangay

WHEREAS, due to the long holidays that brought the delay of remittances from abroad, many real property taxpayers in the city were not able to avail of the twenty percent(20%) discount on the advance payment of Real Property Taxes(RPTs) as provided under section 2B.12 of the Olongapo City 2007 Revenue Code.

WHEREAS, the City Treasurer with the City Finance Committee recommended the extension of the said program to taxpayers who will pay their Real Property Taxes(RPTs) in full for tax year 2011 on or before February 11, 2011;

NOW, THEREFORE, with the unanimous accord of the Members of the Sangguniang Panlungsod present,

RESOLVED, AS IT IS HEREBY RESOLVED, by the Sangguniang Panlungsod in session assembled, to enact the following Ordinance:

ORDINANCE NO.04

(Series of 2011)

AN ORDINANCE EXTENDING THE 20% DISCOUNT ON THE ADVANCE PAYMENT OF REAL PROPERTY TAXES DUE FOR THE YEAR 2011 AS PROVIDED UNDER SECTION 2B.12 OF THE 2007 REVENUE CODE

BE IT ORDAINED, BY THE SANGGUNIANG PANLUNGSOD IN SESSION ASSEMBLED, THAT:

SECTION 1. The twenty percent(20%) discount on the advance payment of Real Property Taxes due for Tax Year 2011 is extended until February 11, 2011 to taxpayers who will pay their Real Property Taxes (RPTs) in full.

SECTION 2. This Ordinance shall take effect immediately upon its approval.

Let copies of this Ordinance be furnished to the Business Permit and Licensing Office, City Treasurer’s Office and Public Affairs Office for their information and record.