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Introduced by Councilor EUFEMIO C. LAGUMBAY.

Co-Introduced by Councilors Anthony Polar D. Crisologo, Ricardo T. Batmonte, Jr., Dorothy A. Delarmente, Victor V. Ferrer, Jr., Alexia R. Herrera, Precious Hipolito Castelo, Voltaire Godofredo L Liban III, Roderick M. Paulato, Ranulfo Z. Ludovica, Ramon P. Medalla, Estrella C. Valmocina, Allan Benedict S. Reyes. Gian Carlo G. Sotto, Franz C. Pumaren, Jose Mario Don S. De Leon, Jaime P. Borres, Jesus Manual C. Suntay, Vincent DG. Belmonte, Raquel S. Mula gen, Bayanl V. Hipol, Julienne Alyson Rae V. Medalla, Godofreda T. Liban II, Andrea Jose Q. Yllana, Jr., Allan Butch T. Francisco, Karl Edgar C. Castelo, Candy A. Medina, Diorella Maria G. Sotto, Marivic Co-Pilar, Ragalio "Roger" P. Juan and Donato C. Matias, and

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WHEREAS, Item II Section 39, Article 15 of the Quezon City Revenue Code provides that the rate of tax for musical concerts, theatrical plays, fashion shows and other live performance by local artist shall be 8%;

WHEREAS, it is apparent that local productions does not measure in terms of attendance to those of foreign productions due to popularity and market strategy;

WHEREAS, as an incentive to local producers and performers and to boost and encourage the entertainment Industry in coming up with more productions thus providing for more performances by our local artist,

NOW, THEREFORE,

BE IT ORDAINED BY THE CITY COUNCIL OF QUEZON CITY IN REGULAR SESSION ASSEMBLED:

Section 1.  To amend Item II, Section 30, Article 15 of the Quezon City Revenue Code providing that the tax rate be reduced from eight percent (8%) to five percent (5%).

Section 2. This ordinance shall take effect immediately upon it approval.

ENACTED: September 23, 2014


ATTESTED:

(Sgd.) ATTY. JOHN THOMAS S. ALFEROS III
                 City Gov't Asst. Dept. Head III


CERTIFICATION

This is to certify that this Ordinance was APPROVED by the City Council on Second Reading on September 23, 2014 and we PASSED on Third/Final Reading on September 29, 2014.