LAGAWE, Ifugao, March 27 - The provincial governor’s office created recently an ad hoc committee to come up with a draft of the 2011 revised revenue code of the province.

Governor Eugene Balitang said that with the passing of time since the enactment of Provincial Ordinance No. 2006-038, there is a need to revisit and review the same and adjust the rates bearing in mind the present situation of the province.

Balitang cited the Local Government code of 1991 (RA 7160), particularly Section 129, empowering local government units to create their own sources of revenue and to levy taxes, fees, and charges subject to the provisions therein, consistent with the basic policy of local autonomy.

Likewise, Section 191 of the code provides that LGUs shall have the authority to adjust the tax rate as prescribed therein not oftener than once every five years without exceeding 10 percent of the rates fixed under the code.

The provincial government here enacted Provincial Ordinance No. 2006-038 otherwise known as an ordinance enacting and approving the revenue code of the Ppovince of Ifugao on October 1, 2006.

The ad hoc committee is composed of provincial treasurer Samuel Marinay, and provincial legal officer Valdoboyd Ngipol, as co-chairmen and Pedro Namingit; Dr. Joseph Bulayungan; Engr Orlando Sarol; Raymundo Bahatan and Dr. James Gopeng as members. (PIA-CAR/Ifugao)