The Government of Karnataka on July 22, 2024, issued the Karnataka Municipalities and Certain Other Law (Amendment) Bill, 2024, to further amend the Karnataka Municipalities Act, 1964 and the Karnataka Municipal Corporations Act, 1976.
The following amendment has been stated:
• Amendment of the Karnataka Municipal Corporation Act, 1976
o In section 112A, which states “Assessment of property tax”, in sub-section (3), the following shall be inserted at the end, namely:
“Notwithstanding anything contained in this sub-section the assessment made under this sub-section for any return submitted under sub-section (1) for the last six financial years, starting from the financial year 2023-24, shall be concluded within 1 year”.
• Amendment of the Karnataka Municipalities Act, 1964
o In section 105, which states “Assessment of property tax”, in sub-section (3), the following shall be inserted at the end, namely:
“Notwithstanding anything contained in this sub-section the assessment made under this sub-section for any return submitted under sub-section (1) for the last six financial years, commencing from the financial year 2023-24, shall be concluded within one year”.
[Notification No LA Bill No. 31 of 2024]
