Section 19
Section 19(A) as originally provided in this Code, tax credit shall be granted to the taxpayer who has paid at least the full amount of the first quarter installment for the calendar year 1974. The tax credit herein granted shall be applied to future business tax obligation of the same taxpayer in not more than four equal quarterly installments as may be judiciously determined by the Secretary of Finance who shall, for this purpose, prepare and publish an appropriate schedule therefor upon promulgation of this Decree. "In no case, however, shall tax. credit be given to a taxpayer if the amount of the annual or quarterly tax paid by him during the first quarter of calendar year 1974 is equal to, or less than, the annual tax or the highest quarterly tax, as the case may be, paid by him for the same business in calendar year 1973. "Any remaining portion of the tax credit herein granted shall be forfeited in favor of the municipality in the event the business terminates operations within the locality. As soon as the total amount credited to the taxpayer pursuant hereto shall have been fully applied, this provision shall no longer apply. "For purposes hereof, the taxpayer shall file with the local treasurer a claim in writing duly supported by evidence of payment on or before June 30, 1974, after which date no claim for tax credit shall be entertained. "(d) On the business of dealers in fermented liquors, distilled spirits and/or wines: Amount of tax per annum (1) Wholesale dealers in foreign liquors P 800.00 (2) Wholesale dealers in domestic liquors 400.00 (3) Retail dealers in foreign liquors 200.00 (4) Retail dealers in domestic liquors 100.00 (5) Retail dealers in vino liquors 50.00 (6) Retail dealers in fermented liquors 80.00 (7) Wholesale dealers in fermented liquors 200.00 (8) Retail dealers in tuba, basi and/or tapuy 50.00 "(e) Tax on tobacco dealers: (1) Retail leaf tobacco dealers 50.00 (2) Wholesale leaf tobacco dealers 200.00 (3) Retail tobacco dealers 50.00 (4) Wholesale tobacco dealers 200.00 "(f) x x x "(g) On the amusement places wherein the customers thereof actively participate without making bets or wagers, including but not limited to, the following: x x x "(12) Theaters and cinema houses: With balcony and orchestra with seating capacity of less than 500 persons P600.00 x x x "Plus: Amusement tax of P0.05 per admission payable to the municipal treasurer within twenty days next following the month for which the tax is due as regards operators with fixed establishment and within ten days next following business day with respect to itinerant operators. "(h) Tax on pawnshops, money shops, lending investors, finance and investment companies, insurance companies, and banks, any provision of special laws to the contrary notwithstanding, except the Central Bank of the Philippines: (1) Pawnshops With capital of — Amount of Tax per annum Less than P50,000.00 P 1,000.00 P50,000.00 or more but less than P100.000.00 1,500.00 P100,000.00 or more but less than P200,000.00 2,000.00 P200,000.00 or more 4,000.00 (2) Money shops 200.00 (3) Lending investors 300.00 (4) Finance and investment companies: Principal office 2,000.00 For each branch, payable to the municipality where the branch is located 400.00 (5) Insurance companies: Principal office 3,000.00 For each branch, payable to the municipality where the branch is located 600.00 (6) Commercial banks: Principal office 5,000.00 For each branch, payable to the municipality where the branch is located 1,000.00 (7) Savings Bank: Principal office 2,000.00 For each branch, payable to the municipality where the branch is located 400.00 (8) Rural Banks 600.00 “(i) X X X “(j) X X X “(k) X X X “(l) X X X "(m) On real estate dealers: X X X "(2) Lessors of real estate based on gross receipts for the preceding year, at rates not exceeding the following: Less than P1,000.00 Exempt "For every P1,000.00 in excess of P50,000.00 for real property used for purposes other than residential P5.00 "For every P5,000.00 in excess of P50,000.00 for real property used for residential purposes 5.00 "(n) On golf links, P3,000.00 per annum "(o) On fishponds, fishpens, or fish breeding grounds, per hectare or fraction thereof, P10.00 per annum “(p) x x x "(q) Taxes on billboards, signboards and advertisements: x x x "In addition to the taxes provided above under items (1) to (5), inclusive, for the use of electric or neon lights in billboards per square meter or portion thereof — P10.00."