Home | Money Matters | Oro dad tackles tax exemptions for idle lands

Oro dad tackles tax exemptions for idle lands

City Council committee on roads and traffic management chaired by Councilor Romeo V. Calizo on Wednesday tackled the recommendations of the offices from City Administrator, Legal, Building, Treasurer, and City Assessment Department on Councilor Lordan G. Suan’s proposed ordinance.

The proposed legislation grants incentives through exemption from payment of real property tax to owners of vacant lots within the commercial districts who will convert for free public parking.

City Legal Office said, any proposal for exemption from Ad Valorem Tax on idle lands, as provided for in Section 236 of the Local Government Code of 1991, is premature considering that the city is not imposing any ad valorem tax on idle lands. He said Section 1 and 2 of the proposed ordinance might raise confusion as there is no tax basis in which to apply the exemption. (CLI)

Facebooktwitter

About mindanao goldstar daily

mindanao goldstar daily
TREND MAKER. Mindanao Gold Star Daily was established in 1989 to set ablaze a new meaning & flame to the local newspaper business. Throughout the years it continued its focus and interest in the rural areas & pioneered the growth of countryside journalism.

Check Also

Oro to benefit from DA’s cassava granulator project

CAGAYAN de Oro will benefit from the Corn/Cassava program of the Department of Agriculture Regional ...

DISCLAIMER: We welcome fiery exchanges but we do not tolerate ad hominem attacks, casting criminal and false aspersion on our reporters and opinion writers. We reserve the right to delete, reproduce or modify comments posted on our website without prior notice.


POSTING RULES: Do not use obscenity. Stick to the topic discussed. Do not veer away from the discussion and be respectful at all times. Do not use CAPITAL LETTERS as this means shouting in the thread.