("Sole article.-amending Law No. 19.575, in the following way: 1) Reemplazanse, in subsection first of its single article, which happens to be 1st, the expressions"on June 30, 1999","30 June 1998"and"July 1, 1999"by the expression"December 31 of the year 2000","on June 30, 1999"and"1 January of the year 2001" respectively.
(2) add the following article 2º, new: "article 2.-empowering the President to reduce, for once, the annual rate of the land tax of goods agricultural roots and increase the amount of the exemption of land tax benefiting the farms. This faculty be governed from July 1 of the year 2000, but the rate reductions and the increase in the exemption will take effect from the date on which enters into force the reavaluo of goods agricultural roots to which this Act applies.
The President of the Republic shall exercise this ability on the occasion of the reavaluo of goods agricultural estate referred to in article 1 if comparing, in currency of equal value, projecting annual of the total amount of the same contributions rotated without considering the effect of the reavaluo, with the total amount corresponding to later turn him, the latter proves higher by more than 10% to the first.
This power shall be exercised in such a way that the annual projection of the total amount drawn as a result of the application of the reavaluo does not exceed 10% referred to the annual projection of the amount revolved before the reavaluo. "