Amendment status not verified — confirm the current text below against the official source.
Certain refunds to be made when declarations ceases to have effect. * * * * STATEMENT OF OBJECTS AND REASONS Act 2 of 1974.- The purpose of this Bill is to enable the State Government to provisionally collect taxes, pending enactment of the relevant legislation. Thus a Bill introduced in the Legislative Assembly for imposition or increase of tax may contain a declaration to the effect that it is in the public interest that any provision of the Bill shall have immediate effect. A similar legislation has been enacted by the Union Government and the Government of Maharashtra. (Published in the Karnataka Gazette (Extraordinary) Part IV-2A, as No. 400, dated 28-2-1974 at page 4.) * * * * 2 KARNATAKA ACT No. 2 OF 1974 (First Published in the Karnataka Gazette Extraordinary on the Twenty-first day of March, 1974) THE KARNATAKA PROVISIONAL COLLECTION OF TAXES ACT, 1974 (Received the assent of the Governor on the Twenty-first day of March, 1974) (As on 1.12.2004) An Act to provide for immediate effect being given for a limited period to provisions in Bills relating to the imposition or increase of taxes. WHEREAS it is expedient to provide for immediate effect being given for a limited period to provisions in Bills relating to the imposition or increase of taxes; BE it enacted by the Karnataka State Legislature in the Twenty-fifth year of the Republic of India as follows:-