Amendment status not verified — confirm the current text below against the official source.
(1) There shall be levied and collected, in accordance with the provisions of this section, for the purpose of the State, a cess to be called the Housing Projects Cess, at the rate of two per cent on the building tax for residential buildings having a plinth area of 4000 sq. ft. and above, to fulfill the commitment of the Government to provide and finance the housing projects for the weaker sections, taken up by the Panchayaths. (2) The State Government may, after due appropriation made by the Legislature by law in this behalf, utilise such sums of money of the Housing Projects Cess levied for the purposes specified in sub-section (1) as it may consider necessary. (3) The provisions regarding assessment and recovery in the Kerala Building Tax Act, 1975 (7 of 1975) shall mutatis mutandis apply to the cess under this section. (4) The provisions of sections 18 and 19 of the Kerala Building Tax Act, 1975 (Act 7 of 1975) shall mutatis mutandis apply for the collection of cess under sub-section (1).