Itogon supports bill amending RA 7160
2 MIN READ
By DELIA BAGNI
www.nordis.net
LA TRINIDAD, Benguet — Sanguniang Bayan (SB) of Itogon supported the proposed Senate Bill amending the Local Government Code of 1991 or Republic Act 7160 which increases the resource allocation of local Government units.
The proposed Senate Bill Numbered 118 and 119 was introduced by Senator Aquilino Pimentel Jr. Through Resolution No. 067 series of 2013, SB of Itogon expressed support on the proposed bill. The resolution was forwarded April 2, 2013.
The proposed Senate Bill No. 118 amends sections 284 and 286 and SB No. 119 amend sections 290 and 291 of Republic Act 7160 otherwise known as Local Government Code of 1991.
Based on the explanatory note of Senator Pimentel the Internal Revenue Allotment (IRA) serves as the lifeblood of local government units as far as operations at the local level is concerned. IRA shares as contemplated in the proposed amendment, are enhanced and broadened to include sharing in the national taxes.
Under the Sb No.118, the local government units are entitled to a 40% share of national taxes based on the collection of the third fiscal year as mandated under Article X, section 6 of 1987 Constitution. Further, shares of LGU’s shall be released directly to the provincial, city, municipality or barangay treasurer within 5 days after the end of each month or quarter. The note added that the said shares shall not be subjected to any lien or hold back that may be imposed by the central government.
While SB no. 119, the share of LGU is increased to 60% of the gross collection derived by the National Government in the proceeding fiscal year from mining taxes, royalties, and such other taxes, fees, or charges and from its shares in any co-production or production sharing agreement in the utilization and development of the National Wealth within the territorial jurisdiction.
Under the legislative proposal the share of the LGU’s from the use of national wealth and from any government agencies or owned and controlled corporation shall be remitted to the LGU within 10 days after the end of every quarter during the current fiscal year.
A committee is formed to formulate necessary procedure for the effective implementation of this provision and will submit the report to the Committee on Local Government of both Houses of Congress. # nordis.net
