Collection of Residence, Taxes in Metropolitan Manila and Disposition of the Proceeds thereof.
Section 14
SEC. 14. Collection of Residence, Taxes in Metropolitan Manila and Disposition of the Proceeds thereof.—All residence taxes shall continue to be collected by the treasurers of all local units comprising the Metropolitan Manila Area as provided for under the Local Tax Code, as amended. Proceeds from the collection of residence taxes "A" and "B" shall continue to accrue to the local units concerned and the National Government until June 30, 1976, conform ably with the pertinent provisions of the Local Tax Code as amended. Thereafter, ninety-five (95%) of collections shall accrue to the municipality or city and five percent (5%) to the general fund of the National Government to cover the cost of printing and distribution of the forms and other incidental expenses. Proceeds from the other residence taxes shall accrue to the Metropolitan Manila Commission as provided for under Presidential Decree No. 824; Provided, however, That five percent (5%) thereof shall be remitted to the National Government to cover the cost of printing and distribution of the forms and other incidental expenses.