THE PROPOSED ORDINANCE to suspend the amendments to Quezon City’s fair market value table and real property tax hike until after 2019 was approved on second reading on Nov. 19 and is targeted for third reading approval on Dec. 3.
The City Council’s Majority Floor Leader Franz S. Pumaren updated BusinessWorld on progress in a mobile phone message when asked for an update.
He also said the target approval for third reading is Dec. 3, and if passed on the same day, might be signed by Vice Mayor and Presiding Officer Ma. Josefina G. Belmonte and be forwarded to the mayor for approval “after a week.”
The proposed Ordinance No. 20CC-497 was debated by the plenary following approval on Nov. 14 by the Ways and Means, Appropriations, and Laws, Rules and Internal Government committees, the last of which Mr. Pumaren heads.
The proponents on Oct. 26 moved to suspend the implementation of the QC Ordinance No. SP-2556, Series of 2016, which raises fair market values for property, after the Supreme Court lifted the April 2017 temporary restraining order on its implementation on Sept. 18. — Vann Marlo M. Villegas
