Section 2
SEC. 2. Section 43 of Presidential Decree No. 464 is hereby amended to read as follows: "SECTION 43. Idle lands, coverage.—For purposes of this Decree, idle lands shall include the following: Agricultural lands suitable for cultivation, dairying, inland fishery, and other agricultural uses, one half of which remain uncultivated or unimproved by the owner or owners thereof. Lands, other than agricultural, located in a City or Municipality, more than 2,000 square meters in area one half of which remain unutilized or unimproved by the owner or owners thereof. This Section shall likewise apply to residential lots in subdivisions duly approved by proper authorities, the ownership of which has been transferred to individual owners, who shall be liable for the additional tax. Individual lots of such subdivisions, the ownership of which has not been transferred to the buyer shall be considered as forming part of the subdivision, and shall be subject to the additional tax payable by subdivision operator.