Amendment status not verified — confirm the current text below against the official source.
Power of State Government to grant exemption from taxes.- The State Government may, on it own motion or otherwise, after giving the Council an opportunity of expressing its views in the matter, by order, exempt from payment of any tax in whole or in part any person or class of persons or any property or description of properties for the purpose of granting protection to any industry or for any other purpose in public interest subject to such conditions as may be specified in such order. 132-A. Creation of Infrastructure Development Fund.-(1) Notwithstanding anything contained in this Act or any other Act for the time being in force, the State Government may create an Infrastructure Development Fund with a view of assist the Municipalities in developing the infrastructure. (2) The sources of the infrastructure fund and the procedure and manner in which the amount from the fund shall be provided in Municipalities shall be such as may be prescribed.