Local Treasury Practice Test & Exam Prep | Philippines

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Under Section 272 of the Local Government Code, how are the proceeds from the additional one percent (1%) Special Education Fund (SEF) tax distributed in the case of provinces?

It is retained 100% by the province. It is shared 60% to the province and 40% to the municipality. It is divided equally (50% each) between the provincial school board and the municipal school board. It is shared 70% to the province and 30% to the barangays.

Correct Answer:

It is divided equally (50% each) between the provincial school board and the municipal school board.

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