The Chief Minister of MK Stalin issues a announcement in the assembly on Monday. | Photo Credit: Special Arrangement
The Tamil Government plans to reduce the interest rate for late payment of real estate tax arrears in city local bodies throughout the state.
The draft Act on the Amendment of the Local Bodies of Tamil Nadu from 1998 was submitted on Monday by the Minister of the City Administration of KN Nezru. It seeks to store interest at 0.5%if the property has remained unpaid after the financial year is completed. Previously, if the semi -annual property tax remained unpaid, the evaluators were to pay 1% simple interest per month in addition to the amount due.
The bill also tried to grant a business or business license without a period of time. Previously, these licenses would only be awarded for three years.
Although the fresh part, 109-A, the law is also trying to register and provide licenses for navigation activities in any water role to the local authorities. It also seeks to seize the government either to the Suo Mot, or on the example of the municipality concerned, changes or cancellation of the list of parks, game and open spaces published.
The government has taken various measures to facilitate easy business and proposed to simplify the procedures for issuing commercial and business licenses granted by city local authorities on the basis of representation, she said.
He also added decriminalization of certain minor crimes through decisions and composition of mechanisms.
Published – April 28, 2025 23:04
