Tax Discount.
Section 9
SEC. 9. Tax Discount.—If the basic real property tax and the additional one (1%) per cent tax accruing to Special Educational Fund are paid in full within the prescribed period of payment as provided for under Section 60 of Presidential Decree No. 464, the taxpayer shall be granted a discount as follows: 60% on the tax due and payable during the year 1975, 40% on the tax due and payable during the year 1976, and 20% on the tax due and payable during the year 1977. Done in the City of Manila, this 19th day of December, in the year of Our Lord, nineteen hundred and seventy-five. (Sgd.) FERDINAND E. MARCOS President Republic of the Philippines By the President: (Sgd.) JUAN C. TUVERA Presidential Assistant