Republic of the Philippines Quezon City CITY COUNCIL

PROPOSED ORDINANCE NO. 2013-09

AN ORDINANCE EXEMPTING FROM PAYMENT OF TAX ON TRANSFER OF REAL PROPERTY OWNERSHIP SALE OF REAL ESTATE PROPERTY TO THE QUEZON CITY GOVERNMENT TO BE UTILIZED FOR CITY GOVERNMENT HOUSING PROJECTS.

Introduced by Councilor ALEXIS R. HERRERA

WHEREAS, under the provisions of Section 25 of Quezon City Ordinance No. SP-91, S-93, otherwise known as the Quezon City Revenue Code of 1993, sale of real estate property is subject to Tax on Transfer of Real Property Ownership at the rate of 75% of 1%; WHEREAS, seller of real estate property to the Quezon City Government to be utilized for City Government Housing Projects should be given incentives by exempting them from payment of Tax on Transfer of Real Property Ownership imposed under the 1993 Quezon City Revenue Code. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF QUEZON CITY, IN SESSION ASSEMBLED: SECTION 1. All sale of real estate property to the Quezon City Government to be utilized for City Government Housing Projects are hereby exempted from payment of Tax on Transfer of Real Property Ownership imposed under Section 25 of Quezon City Ordinance No. SP-91, S-93, otherwise known as the Quezon City Revenue Code of 1993. SECTION 2. This Ordinance shall take effect immediately upon its approval.

Submitted by:

ALEXIS R HERRERA Councilor, First District