The Department of Parliamentary Affairs and Legislation Secretariat, Karnataka on January 13, 2022 has issued The Karnataka Municipal Corporations and Certain Other Law (Second Amendment) Act, 2021 to further amend the Karnataka Municipal Corporations Act, 1976 and the Karnataka Municipalities Act, 1964. This shall come into force on January 13, 2022.
The following amendments has been made to the Karnataka Municipalities Act, 1964 namely:-
• In Section 101(2) which specify “The property tax shall be levied in certain cases” the following clause (d) shall be inserted namely: -
“Industrial building at such percentage not being less than seventy percent of rate levied in case of commercial building in accordance with clause (a) of subsection (2) of taxable capital value of the building.”
The following amendments has been made to the Karnataka Municipal Corporations Act, 1976 namely: -
• In Section 108 which specify “Description and class of property tax” the following clause (d) shall be inserted namely: -
“industrial building at such percentage not being less than seventy percent of rate levied in case of commercial building in accordance with clause (a)”
[Notification No. DPAL 51]
