HMC Act 99Chapter IV · Part IV – [Taxation And Application Fee For Enlistment] [Heading substituted for the heading 'Taxation' by W.B. Act 10 of 1992.]

Section 99 · [Property tax] [Words substituted for the words 'consolidated rate' by W.B. Act 17 of 1995.] in a bustee

(1)

Notwithstanding anything contained elsewhere in this Act, the [property tax] [Words substituted for the words 'consolidated rate' by W.B. Act 17 of 1995.] on lands and buildings in a bustee shall, after deducting therefrom a sum equal to one-eighth of such rate, be paid by the owner of the land in the bustee.

(2)

Whenever a [property tax] [Words substituted for the words 'consolidated rate' by W.B. Act 17 of 1995.] on land and building in a bustee is leviable, the owner of the land in such bustee may recover from the owner of each hut standing thereon -

(i)

half of the [property tax] [Words substituted for the words 'consolidated rate' by W.B. Act 17 of 1995.] on the land on which the hut stands; and

(ii)

the [property tax] [Words substituted for the words 'consolidated rate' by W.B. Act 17 of 1995.] on the hut standing on the land.

(3)

The sum deducted under sub-section (1) shall be retained by the owner of the land in the bustee -

(a)

as a set-off against the expenses which may be incurred in collecting the portion of the [property tax] [Words substituted for the words 'consolidated rate' by W.B. Act 17 of 1995.] on lands and buildings recoverable under sub-section (2), and

(b)

as a commutation of all refunds in respect of the huts which are vacant or which may be removed or destroyed during the period the [property tax] [Words substituted for the words 'consolidated rate' by W.B. Act 17 of 1995.] on lands and buildings remains in force.

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