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THE NAGA CITY COUNCIL

Sangguniang Panlungsod Ng Naga

7th Sangguniang Panlungsod (30 July 2001 – 30 June 2004)

ORDINANCE NO. 2002-050

AN ORDINANCE FURTHER AMENDING ORDINANCE NO. 543, S. 1976 AS AMENDED BY ORDINANCE NO. 93-060 SPECIFICALLY SECTION 3(f) BY INCREASING TAX ON INTEREST, COMMISSION AND DISCOUNTS FROM LENDING ACTIVITIES
07/24/2002
Hon. Simeon F. Adan
AMENDED: 1976-543 / 1993-060

Category: Agriculture; Business Trade and Industry
Principal Authors/Sponsors: Hon. Simeon F. Adan
Enacted: July 24, 2002

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Summary/Additional Info:
Summary: This ordinance further amends Section 3(f) of Ordinance No. 543, S. 1976 (as previously amended by Ordinance No. 93-060). It increases the annual tax levied on banks and other financial institutions.

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