The Karnataka Provisional Collection of Taxes Act, 1974
The Karnataka Provisional Collection of Taxes Act, 1974
This law allows the Karnataka State Government to immediately enforce proposed tax increases or new taxes introduced in a legislative Bill before the Bill officially becomes law. When the government includes a special declaration in a tax Bill presented to the Legislative Assembly, the specified tax provisions temporarily gain the force of law right after introduction. This temporary authority lasts up to sixty days, or until the Bill is formally enacted, modified, or rejected. If the final enacted law sets a lower tax rate than originally proposed or if the proposal is withdrawn, tax authorities must refund any excess tax collected from taxpayers during this interim period.
- 0. Preamble
- 1. Short title and commencement
- 2. Definitions.- In this Act,-
- 3. Power to make declaration under this Act.- Where a Bill to be introduced in the
- 4. Bill a declaration that it is expedient in the public interest that any provision of the Bill relating to such imposition or increase shall have immediate effect under this Act.
- 5. Certain refunds to be made when declaration ceases to have effect.- (1)
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