Government Code. Taxing power of local government units shall NOT extend to the following taxes, except one: (2012 Bar Question)

The question

Government Code. Taxing power of local government units shall NOT extend to the following taxes, except one: (2012 Bar Question)

1. A.Income tax on banks and other financial institutions;
2. B.Taxes of any kind on the national government, its agencies and instrumentalities, and local government units;
3. C.Taxes on agricultural and aquatic products when sold by the marginal farmers or fishermen;
4. D.Excise taxes on articles enumerated under the National Internal Revenue Code.

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