(i) Tax on various types of businesses (ii) Ceiling on business tax impossible on municipalities within Metro Manila (iii) Tax on retirement on…

The question

(i) Tax on various types of businesses (ii) Ceiling on business tax impossible on municipalities within Metro Manila (iii) Tax on retirement on business (iv) Rules on payment of business tax (v) Fees and charges for regulation & licensing (vi) Situs of tax collected Which statement is correct? (2012 Bar Question)

1. A.Legislative acts passed by the municipal council in the exercise of its lawmaking authority are denominated as resolutions and ordinances;
2. B.Legislative acts passed by the municipal council in the exercise of its lawmaking authority are denominated as resolutions;
3. C.Legislative acts passed by the municipal council in the exercise of its lawmaking authority are denominated as ordinances;
4. D.Both ordinances and resolutions are solemn and formal acts.

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