Remissions and exemptions.

(1) A Municipality may exempt, in whole or in part, for any period not exceeding one year, from the payment of any tax, any person who by reason of poverty is, in its opinion, unable to pay the same, and may renew the such exemption as often as may be necessary. (2) A Municipality, by a resolution passed at a special meeting may -- (a) provide that any person or all persons may be allowed to compound for any tax imposed under clause (g) of sub-section (1) of section 80: or (b) subject to the control of the Administrator -- (i) abolish, suspend or reduce in amount any tax imposed under section 80; or (ii) for a special reasons exempt in whole or in part from the payment of any such tax any person or class of persons or any property or description of property. (3) The Administrator may by order in writing exempt in whole or in part from the payment of any such tax any person or class of persons or any property or description of property.