Amendment status not verified — confirm the current text below against the official source.
Amendment of Section 127 (8) of the Bihar Act 11, 2007.- In the said Act in Sub- section (8) of Section 127 shall be substituted by the following:- (8). “Property Tax shall be levied by the Municipality within a minimum of 9 percent and a maximum of 15 percent of the annual rental value of lands and buildings determined under sub-section (7) of Section 127.” “Provided that no Municipality shall levy the tax at a rate less than the minimum as provided for in Section 127 of this Act. Provided also that no Municipality shall reduce the rate of tax already in use between the minimum and the maximum provided for under sub-section (8) of section 127, without prior approval of the State Government.”