Section 12
SEC. 12. Transfer of Certain Taxing and Other Revenue-Raising Powers of the provinces of Rizal and Bulacan under the Local Tax Code, as amended, to the Metropolitan Manila Commission.—Effective July 1, 1976 the Metropolitan Manila Commission, in lieu of the provinces of Rizal and Bulacan, shall have the power to levy within the territorial jurisdictions of the municipalities integrated in the Metropolitan Manila Area and subject to the provisions of Section forty-four (Sec. 44) of the Local Tax Code, as amended, the provincial taxes, fees and other impositions enumerated hereunder: Tax on transfer of real property ownership. (Sec. 7 of the Local Tax Code, as amended) Tax on Peddlers. (Sec. 15 of the Code) Annual fixed tax per delivery truck or van of manufacturers or producers of, or dealers in, certain products. (Sec. 15-A of the Code) Tax on business of printing and publication. (Sec. 8 of the Code) Sand and gravel tax. (Sec. 10 of the Code) Amusement tax on admission. (Sec. 13 of the Code) Fees for sealing and licensing of weights and measures. (Sec. 14 of the Code) Rental fee for use of municipal waters, rivers, etc. as log pond. (Sec. 16 of the Code) Other taxes, fees and charges that may be imposed by provinces pursuant to the Local Tax Code, as amended. However, the proceeds of the tax on business of printing and publication, the sand and gravel tax, the amusement tax on admission, the fees for sealing and licensing of weights and measures and the rental fees for use of municipal waters, rivers etc., as log pond, shall accrue entirely to the municipality concerned, Provided, further, That beginning July 1, 1976 the municipalities in Metropolitan Manila shall no longer impose and collect the amusement tax of P0.05 per admission authorized under No. 12, letter (g) of Section 19 of the Local Tax Code, as amended. The proceeds of the tax on transfer of real property ownership, the tax on peddlers, the annual fixed tax per delivery truck or van of manufacturers or producers of, or dealers in, certain products, and all other taxes, fees and charges referred to in subparagraph (9) above shall accrue entirely to the Metropolitan Manila Commission. For purposes of effective and efficient administration of the tax on transfer of real property ownership, payment thereof shall be made either to the Municipal Treasurer of the municipality where the property is located or to the City Treasurer of the district to which the municipality belongs, and the deed of conveyance of title to the property shall be registered in the office of the Register of Deeds of the same District. The Registers of Deeds of the provinces of Rizal and Bulacan shall transfer on or before August 31, 1976 to the Registers of Deeds of the Districts concerned the copies of the original and transfer certificates of titles under Act No. 496, otherwise known as the Torrens system of registration of all real properties located in the municipalities of Metropolitan Manila, including all records pertaining to real properties therein not covered by Act No. 496 aforementioned. The Provincial and City Assessors and Registers of Deeds hereinabove specified shall see to it that said public records or documents are correctly and completely transferred. Thereafter, the City Assessors and Registers of Deeds of the cities of Quezon, Caloocan, and Pasay shall install, keep and maintain the appropriate registers for such property records and documents. Effective July 1, 1976 and until the Metropolitan Manila Commission shall have enacted the appropriate tax ordinances pursuant to the provisions of the Local Tax Code, as amended, the taxes, fees and other impositions herein provided for shall be collected by the Municipal Treasurers of Metropolitan Manila at the rates presently feed under the subsisting provincial tax ordinances of Rizal and Bulacan and the proceeds thereof shall be remitted to the Metropolitan Manila Commission or retained by the municipality concerned as provided for in this Section. All existing provincial tax ordinances presently enforced in the municipalities of Metropolitan Manila, as well as the distribution of the proceeds of the taxes and other impositions levied thereunder, shall continue to be in full force and effect up to June 30, 1976.