Modifies Law Nâ ° 17.235, On Land Tax; The Decree Law Nº 3.063, On Municipal Revenues; The Municipalities N⺠18.695, Constitutional Organic Law, And Empowers Municipalities To Grant Forgiveness That Indicates

Original Language Title: MODIFICA LA LEY Nº 17.235, SOBRE IMPUESTO TERRITORIAL; EL DECRETO LEY Nº 3.063, SOBRE RENTAS MUNICIPALES; LA LEY Nº 18.695, ORGANICA CONSTITUCIONAL DE MUNICIPALIDADES, Y FACULTA A LAS MUNICIPALIDADES PARA OTORGAR CONDONACIONES QUE INDICA

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Replacements items second, third, fourth and fifth of the article 2, by the following second and third subparagraphs, new, passing current paragraphs sixth and following to be fourth and following paragraphs " respectively: "the no farms earmarked for the room, shall have an amount of assessment exempt from land tax of $10.878.522, on January 1 of 2005. Whenever a reavaluo of not agricultural series is practiced, the designated amount will be reset in the same proportion in which vary in average assessed valuations of residential properties.

The farms will be an amount of appraisal-free $5.120.640, on January 1 of 2005. Whenever a reavaluo of agricultural series is practiced, the designated amount will be reset in the same proportion in which vary on average the appraisals of the agricultural properties. "."

(2) replacing article 3 °, by the following: 'article 3.-the internal revenue service must reavaluar, every 5 years, goods roots agricultural and non-agricultural subject to the provisions of this law, applying the new pricing, for each series, simultaneously to all communes in the country.

For these purposes, the service can request the assistance and cooperation of the municipalities for the appraisal of the property roots of their respective territories and require owners of properties information; all of the above, in the manner and term determined by the service. To collect this information, the internal revenue service will facilitate tax compliance through available mechanisms for that purpose. This information should not involve costs to the owner.

On the occasion of the reassess, turning the land tax at national level will not be increased by more than 10%, the first semester of validity of reassess, in relation to the territorial tax that should turn in accordance with the law in the six months immediately prior to the entry into force of this reavaluo, tax rates have been applied to the taxable income of each of the properties.

For all properties of the agricultural series and series not agricultural, on the occasion of the respective reavaluo, increase their contributions by more than 25%, which had turned in the immediately preceding semester, the corresponding tax rate have been applied to your taxable income and whose reavaluada contributions quarterly fee exceeds $5,000 on January 1, 2003 the part that exceeds the figures described above, will incorporate every six months up to 10%, calculated increment on the fee turned in the immediately preceding semester for a maximum period of up to 8 semesters, excluding the first, in such a way that the tenth semester all grounds flips them the tax reavaluado correspondingly.

For these purposes, the properties exempt from contributions in the semester immediately preceding the reavaluo, shall be considered them a share quarterly basis of $4,000 for the 1 January 2003. This amount, as also indicated in the previous paragraph, will reset in the same way and percentage as the appraisals of real estate.

For the purposes of the assessment referred to in the first subparagraph, the internal revenue service may require owners, or one of them, a descriptive statement of market value of the good root form, opportunity and time determined by the service.

Notwithstanding provisions of subsection first, the internal revenue service tax effective from January 1 of each year, the goods non-agricultural roots that correspond to sites not built, abandoned properties, or wells lastreros, located in the urban areas, subject to the rules laid down in the N ° 2 of article 4. For these purposes, service may annually owners require the Declaration referred to in the preceding paragraph.

For properties identified in the preceding paragraph, applies the same mechanism for the determination of territorial tax referred to in the fourth paragraph, which corresponds to the first year. "."

(3) replace article 7 °, with the following: "(Artículo 7º.-Las tasas deel impuesto a que se refiere esta ley, serán las siguientes: a) goods agricultural roots: 1 per cent a year;"
((b) goods non-agricultural roots: 1.4 percent a year, and c) goods intended for room non-agricultural roots: 1.2 percent a year, on the part of the taxable income not exceeding $37.526.739 on January 1, 2003; and 1.4 percent a year, on the part of the tax base that exceeds the designated amount.

If on the occasion of the reassess referred to in article 3 of this law, the national total rotation of tax increases more than 10% in the first half of the term of the new appraisal, in relation to the national total rotation that has due calculated for the immediately preceding semester, applying the standards in that period, rates of the previous subsection is lower proportionally so that the national total rotation of the tax does not exceed 10% referred keeping the percentage relationship between the indicated rates. The new rates thus calculated shall apply during all the time of entry into force of the new appraisals.

Also, whenever you practice a reavaluo of not agricultural series, the amount referred to in point (c)) of subsection first will be reset in the same proportion in which vary on average the appraisals of the property housing estate.

Rates that may be fixed by Supreme Decree of the Ministry of finance.
With everything on the highest rates thus determined for non-farm series, will apply a surcharge of profit tax of 0.025 percent, will be charged together with the contributions of real estate. "."

(4) replace the article 8th, by the following: ' article 8.-the real estate non-agricultural affects a territorial tax, located in urban areas, with or without urbanization, and corresponding to sites not built, abandoned properties, or lastreros wells, will pay a surcharge of 100% from the current rate of tax. " The aforementioned surcharge does not apply in areas of urban expansion and rural areas.

For the application of this surcharge and the provisions of article 3 of this law, the municipalities must inform the internal revenue service, the list of properties declared as abandoned and those corresponding to lastreros wells in the form and term determined by such service. "."

((5) add, in article 16, the following N ° 3), new: "3) information that property owners provide estate, in the form and term determined by the Director of the service." To collect this information, the internal revenue service will facilitate tax compliance through available mechanisms for that purpose. This information should not involve costs to the owner. "."