Act No. 1950

An Act Providing That The Annual Tax On The Assessed Value Of The Real, Estate Of The City Of Manila For The Year Nineteen Hundred And Nine Shall Be One And One-Half Per Centum Thereof

Act No. 1950

By authority of the United States, be it enacted by the Philippine Commission, that:

Section 1. The annual tax on the assessed value of all the real estate of the city of Manila subject to taxation shall be, for the year nineteen hundred and nine, 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 the said real estate shall be payable on or before the thirty-first of December, nineteen hundred and nine.

Section 2. This Act shall take effect on its passage.