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D K Shivakumar said the BBMP Act will benefit 13-15 lakh people in Bengaluru, including 5.51 lakh property taxpayers.
BENGALURU: Karnataka minister Priyank Kharge on Thursday sought to downplay the ongoing issue of 2.
Under the Amendment Bill, penalties on residential and mixed-use properties will have to pay property tax penalties only for a maximum period of five years irrespective of the default duration. Interest has been waived off for dues beyond five years.
Karnataka Assembly: Deputy Chief Minister D K Shivakumar, who holds the Bengaluru development portfolio, tabled the bill in the Legislative Assembly."With the passing of this Amendment Bill, the penalty amount is halved, saving Bengalureans a whopping Rs 2,700 crores.
The BBMP Amendment Bill 2024 brings down the penalty on property tax dues by 50 pc in Bengaluru city limits, was passed in the Legislative Assembly on Tuesday. | Bengaluru News