The City Council has already started committee deliberations on the proposed fiscal incentives and economic reforms package, which the mayor had certified as urgent.
The measures include the granting of a 20% discount to advance payers of 2023 and 2024 real property taxes and a 10% discount for those who will file their business and other local taxes on time.
To further improve the ease of doing business and spur back-to-life infrastructure, Mayor Klarex Uy has asked the City Council to pass ordinances to streamline the processing of Business Permits and Building Permits.
“Gusto nako nga daghang Kagay-anon ang makakuha ug mabulokon nga trabaho. Mahitabo kini kung makabalik-bakud ang mga negosyo nga naapektuhan sa pandemya, matukod pa ang daghan nga mga bag-ong negosyo, ug madugangan ang mga magpapatigayon o mga investors nga mosulod dinhi sa atong syudad,” (I want more jobs for Kagay-anons. This will only happen if our businesses affected by the pandemic restart; and more businesses open with investors coming in to the city.), the first term mayor said.
Aside from discounts, his non-fiscal incentives package includes:
Relief on penalties for delinquent payers of Real Property Tax and Transfer Tax;
Relief on penalties for businesses operating without Mayor’s Permit, those who failed to retire their business permits, and those delinquent in paying business taxes;
Relief on the penalties imposed by Roads and Traffic Administration (RTA); and
Relief on lease payments by public market vendors. (Tidbits from CMO press release)