Assembly clears two municipalities Bills


The Legislative Assembly passed the Karnataka Municipalities and Certain Other Law (Amendment) Bill, 2021, to extend the time limit for payment of property tax and also to provide a rebate of 5% if tax is paid within one month from the date of commencement of the amended Act.

The Karnataka Municipalities (Second Amendment) Bill, 2021, was also passed. It aims to revise the existing property tax structure and provide a simplified property tax base, improve the revenues of the municipalities by linking the property tax base to the prevailing guidelines under section 45B of the Karnataka Stamps Act, 1957, and bring about property tax reforms. It replaced the Ordinance.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.