C.A. No. 524

An Act Amending Section One of Commonwealth Act Numbered Four Hundred and Sixty-Four, Entitled “An Act to Remit, Under Certain Conditions, Unpaid Taxes and Penalties of Forfeited Real Property,” to Provide a New Time Limit for the Payment of the Taxes Nineteen Hundred and Thirty-Eight and Nineteen Hundred and Thirty-Nine

Commonwealth Act No. 524

Be it enacted by the National Assembly of the Philippines:

Section 1. Section one of Commonwealth Act Numbered Four hundred and sixty-four is amended to read as follows:

Sec. 1. All the unpaid real property taxes due on any real property forfeited to the provincial or city government on or prior to January first, nineteen hundred and thirty-nine, or delinquent in the payment of taxes for more than one year prior to January first, nineteen hundred and thirty-nine, and all penalties that have become due thereon and remaining unpaid are remitted, on condition that fifty per centum of the tax corresponding to the year nineteen hundred and thirty-eight, and the thirty-nine is fully paid on or before April thirtieth, nineteen hundred and forty.”

Section 2. This Act shall take effect upon its approval.