AN ACT TO AMEND SECTIONS ONE, TWO,
SIX, AND SEVEN OF ACT NUMBERED FOUR THOUSAND ONE HUNDRED AND
EIGHTY-ONE, AS AMENDED, IN ORDER TO CONSOLIDATE ALL TAXES ON REAL
PROPERTY AND THE PENALTIES THEREON DUE BUT UNPAID FOR THE YEAR NINETEEN
HUNDRED AND THIRTY-FIVE AND PREVIOUS YEARS, TO PROVIDE TIME AND MANNER
OF PAYMENT OF SAID TAXES, AND SETTING ASIDE FORFEITURES HERETOFORE
EFFECTED |
Section 1. Section one of Act Numbered Forty-One Hundred and Eighty-One is hereby amended to read as follows: "Section 1.Consolidation accounts for taxes and penalties due on real property. –
Not later than sixty days from the date of the approval of this Act,
the provincial and city treasurers shall determine the sum total of the
taxes and penalties due but unpaid for the year nineteen hundred and
thirty-five and previous years if any, on all and each of the parcels
of real property within their respective province or city. Said total
shall appear as a debit in an account against the owner of the
delinquent property. The account shall be opened in such form as the
Secretary of the Interior shall prescribe. The penalties shall be
determined under the rules established by section thirty of Act
Numbered Thirty-nine hundred and ninety-five, as amended by section
four of Act Numbered Four thousand and sixty-one." Sec.2. Section two of Act Numbered Forty-one hundred and eighty-one is hereby amended to read as follows: "Sec.2. Time
and manner of payment. – The owners and other persons having an
interest in the real property shall under this Act be granted a period
of ten years, from and after January first, nineteen hundred and
thirty-six within which they shall pay in full the arrearages debited
against them in said account. Payment may be made in ten equal annual
installments, payable at the same time as the regular annual tax and to
be collected in the same manner as said regular tax." Sec.3. Section six of Act Numbered Forty-one hundred and eighty-one is hereby amended to read as follows: "Sec.6. Failure
to pay current annual tax. – Although the part payments of annual
installments may have been kept up to date, failure to pay the current
annual tax for any year up to December thirty-one shall produce the
seizure of the delinquent real property which, upon being distrained,
may be disposed of in the manner provided in Act Numbered Three
thousand nine hundred and ninety-five. "All forfeitures heretofore effected are hereby set aside and declared of no effect, subject to existing prior rights previously acquired by third persons." Sec.4. Section seven of Act Numbered Forty-one hundred and eighty-one is hereby amended to read as follows: "Sec.7. Account
payments shall not be refunded. – In case of the re-embargo of real
property for failure to make the payments provided for in sections two
three, and four of this Act, or of the taxes for any year subsequent to
nineteen hundred and thirty-five, no portion of the payments previously
made shall be refunded and all such payments shall be forfeited to the
Government." Sec.5. This Act shall take effect upon its approval. |