Amendment status not verified — confirm the current text below against the official source.
At the beginning of each financial year, after due appropriation has been made by law, the State Government shall withdraw from and out of the Consolidated Fund of the State an amount equivalent to the sum received by it on account of the tax in the preceding financial year after deduction charges, and transfer it to the local bodies in such manner and in such proportion as may be prescribed. Explanation--- For the purposes of this section, the expression local body means a Municipal Board, Nagar Mahapalika, notified area committee or town area committee or Zila Parishad. Exemption from tax under other enactments