(1) The Municipality may, by regulations, levy a tax on the deficits in the Tax on deficits of

1. (1) The Municipality may, by regulations, levy a tax on the deficits in the Tax on deficits of provision for parking spaces require for different types of vehicles in any non- parking spaces in residential building. non-residential . Lo buildings. (2) The amount of tax sha11 be determined by multiplying the quantum of such deficit in the area of parking spaces by the unit area value of land in the case of open parking spaces or by the unit area value of covered space oaf building in the case of covered parking spaces, as the case may be, as determined for the levy of property tax under this Act. Water tax.

provision for parking spaces require for different types of vehicles in any non- parking spaces in residential building. non-residential . Lo buildings.

1. (2) The amount of tax sha11 be determined by multiplying the quantum of such deficit in the area of parking spaces by the unit area value of land in the case of open parking spaces or by the unit area value of covered space oaf building in the case of covered parking spaces, as the case may be, as determined for the levy of property tax under this Act. Water tax.