Practice question
What trade-related limit does Section 130(b)(4) expressly state?
- Every local tax must prohibit lawful interlocal trade.
- Local impositions must not be in restraint of trade.
- Only transactions paid in coins may be taxed.
- A tariff may always be invented by a barangay without legal limits.
- Trade policy is entirely outside every local-tax principle.
Legal references
- RA7160, Local Government Code, Sections130,151 and153-155: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html
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