Practice question
The Secretary of Finance takes no action on an endorsed SMV within Section 16's specified period. What does that section say happens?
- The proposed SMV automatically takes effect
- All real property taxes are abolished
- The mayor may invent a replacement schedule
- All properties become exempt
- The existing SMV remains in effect
Legal references
- RA12001, Sections13–18 and38: https://lawphil.net/statutes/repacts/ra2024/ra_12001_2024.html
- RA12001 IRR: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/101194
- Pisón v. City of Iloilo, GR272170, January28 2026, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/70361
Answer this question in flashcards to review your response and continue practicing.