Nueva Ecija solon proposes tax on idle lands

September 21, 2009 10:49 am 

MANILA, Sept. 21 — A lawmaker has sought the imposition of tax on idle lands to encourage productivity and spur economic growth in the countryside.

Nueva Ecija Rep. Eduardo Nonato Joson filed House Bill 6702, which imposes a 10 percent tax on all idle agricultural, industrial, commercial, residential or other non-productive lands to encourage proper use by landowners.

"Rather than our land resources remaining unproductive, it is best that some form of revenue be derived by imposing a premium tax for idle lands, both public and private lands," he said.

HB 6702 defines idle land as land where no work is performed, no productive endeavor is being made or no beneficial use is derived therefrom.

Citing data from the National Statistics Office (NSO), Joson said there is a total of 119,641 hectares of idle land in the country as of 2002.

By penalizing landowners who allow their lands to remain idle, the measure will ultimately encourage productivity in the country's land resources, he said.

"When the land is made productive, human resources will be harnessed to work on the land and infrastructure might be needed to develop land resources thus boosting the construction industry," he noted.

"Even the banking industry will be energized with an increase in the need for credit to fund capital investments," the solon added.

Joson is pushing for the immediate passage of HB 6702 "to pump-prime the national economy." (PNA)

DCT/LGI

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