Practice question
Which property is expressly exempt under Section185?
- A lawyer’s professional library
- Every luxury investment vehicle
- Every warehouse held for speculation
- All shares owned by a delinquent taxpayer
- Every commercial building
Legal references
- RA7160 Local Government Code: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html Sections175–185.
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