Amendment status not verified — confirm the current text below against the official source.
(1) The Corporation shall, for the purposes of this Act, have the power to levy the following taxes:— (a) a property tax on lands and buildings, (13) a tax on advertisements, other than advertisements published in newspapers, (c) a tax on carts, carriages and animals, and (d) toll on— (i) ferry, (ii) bridge, and (iii) heavy truck which shall be a heavy goods vehicle, and bus which shall be a heavy passenger motor vehicle, within the meaning of the Motor Vehicles Act, 1988, plying on public street. (2) The levy, assessment and collection of taxes mentioned in sub-section (1) shall be in accordance with the provisions of this Act and the rules, the regulations, and the bye-laws made thereunder.