Special levy by the National Government.
Section 55
SEC. 55. Special levy by the National Government.—The Secretary of Finance may, by Department Order issued for the purpose, provide for the imposition and collection of a special levy on lands especially benefited by public works projects financed by the National Government corresponding to a part not exceeding sixty percent of the costs thereof as certified by the Secretary of Public Works, Transportation and Communications, the proceeds of which shall accrue to the general fund of the National Government. The special levy shall be apportioned, computed, and assessed according to the assessed valuation of such lands as shown by the books of the assessor, or its current assessed value as fixed by said officer if the property does not appear of record in his books. The tax shall be collected by the local treasurers who shall remit their collections to the National Treasurer in accordance with the rules and regulations issued by the Secretary of Finance for the purpose of implementing this Section. The Special levy herein authorized may within sixty days from the date of publication of the Department Order in the Official Gazette be protested with the Secretary of Finance and if not reconsidered or rescinded may thereafter be appealed to the proper court for decision.