Separate property tax slab for industries in ULB limits
The Hindu
Amendments to be made to Karnataka Municipal Corporations Act, 1976, and Karnataka Municipalities Act, 1964
To ease tax burden on industries and encourage entrepreneurs to set up units, the State Cabinet on Thursday decided to create a separate slab of property tax to be levied on industries/industrial areas developed by KIADB and KSSIDC falling under urban local bodies (ULBs)
This will be done by bringing in amendments to the Karnataka Municipal Corporations Act, 1976, and the Karnataka Municipalities Act, 1964, sources in the Government said.
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