Parking developers incentives law yet to be signed

DAVAO City Mayor Sara Duterte-Carpio has yet to receive and sign the ordinance mandating to give incentives to parking building developers which was passed by the 18th Davao City Council in the early days of January.

Duterte-Carpio told reporters last Monday that the ordinance still has a long way to go before she could sign it.

"From the City Council, it will go the City Legal Office (CLO) and from the CLO, it will go the City Administrator before it will be received by the City Mayor's Office,” the mayor said.

With the ordinance, the city will give two-year exemption for the payment of real property tax for all the lands qualified for parking spaces from the moment the same land shall be used or converted as parking space.

The city will also give exemption of five years from real property tax for the building should the real property owner develop or construct parking building on a land qualified provided that the building must be exclusively used as parking spaces for a period of not less than five years.

Aside from Real Property Tax, the owners/developers will also be exempt for five years of business tax, and in case of the cessation of business prior to the five-year period, the benefit shall be forfeited and the business tax shall be assessed commencing from the grant until the business ceases to operate.

The ordinance also stated who can qualify for tax exemptions.

Duterte-Carpio said that she does not have any problem with the passed ordinance.

She, however, added that convincing developers to invest in parking spaces might be the problem.

She said that even before the passing of the ordinance, they have already talked with some businessmen who said that they are not inclined into building parking spaces because it is not feasible as business.

"But we still gave way to the ordinance, just in case some businessmen pursue constructing parking buildings, since time will come that the streets in the central district of Davao will really need parking spaces," she said.
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