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15) Special purpose - special fund for saidpurpose, balance goes
to general funds16) Veto power of the President -
revenue/tari bill1) Power of review of the S!1") Power of
#ocal $overn%ent to create their
own sources and lev& ta'es, fees, charges1() ust share of
local govern%ent in nationalrevenue which shall be
auto%aticall&released*+) a' e'e%ption of all revenues and
assets of .a) proprietar& or cooperative
educationalinstitutions.b) subect to li%itations provided b&
law+1) a' e'e%ption of grants, endow%ents,donations or
contributions 0S2A!03##4, D!#4 and E7!#0SV#4for educational
purposesCIR v. CA (298 SCRA 85)Facts: 48!3 is a non-stoc9,
non-pro:t institution,which conducts various progra%s and
activitiesbene:cial to the public pursuant to its
religious,educational and charitable obective* n 1(", 48!3earned an
inco%e of %ore than P6; fro% leasingout a portion of its pre%ises
to s%all shop ownersand P
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.a) i%posed on propert&, real or personal
.b) in proportion to its value or otherreasonable %ethod of
apportion%entEx. eal estate ta'A) excise, priile!e tax " .dierent
fro% thee'cise ta' in a'ation )
.a) i%posed upon perfor%ance of an act, theeno&%ent of a
privilege or the engagingin an occupation, profession or
businessEx. nco%e ta', V3, estate ta', donorIs ta'#. As to who
bears the burden1) Direct – the ta' is i%posed on the personwho
also bears the burden thereof Ex. nco%e ta', co%%unit&
ta', estate ta'+) Indirect – i%posed on the ta'pa&er whoshifts
the burden of the ta' to anotherEx. V3, speci:c ta', percentage
ta',custo%s dutiesC. As to determination of amount 1)
Specific – ta' i%posed and based on aph&sical unit of
%easure%ent, as b& head,nu%ber, weight, length or
volu%eEx. a' on distilled spirits, fer%entedliFuors, cigars+)
Ad $alore% " ta' of a :'ed proportion of thevalue of propert&
with respect to which theta' is assessedJ reFuires intervention
of assessor*Ex. eal estate ta', e'cise ta' on cars,
nonessentialgoodsD. As to urose1) &eneral, fiscal or
reenue " i%posed for thegeneral purpose of supporting
thegovern%entEx. nco%e ta', percentage ta'+) Special or re!ulatory
" i%posed for aspecial purpose, to achieve so%e social orecono%ic
obectivesEx. Protective taris or custo%s duties oni%ported goods
intended to protect localindustriesE. As to authorit! imosin"
the ta# 1) 'ational " i%posed b& the nationalgovern%entEx.
?ational internal revenue ta'es, custo%duties
+) (unicipal or local " i%posed b& the%unicipal corporations
or local govern%entsEx. eal estate ta', occupation ta'
