State Act

The Borough Municipalities (Validation of certain Taxes on Buildings and Lands) Act, 1965.

This Act was repealed on 24 August 2016 by the Maharashtra Repealing Act, 2016 (Mah. 31 of 2016), s.2 and Schedule, serial 33; it may still apply to matters that began before then.

3. Amendment of sections 3 and 75 of Bom. XVIII of 1925.— In the Boroughs Act,— (a) in section 3, after clause (17), the following clause shall be inserted, and shall be deemed always to have been inserted, namely:— “(17A) ‘rate on buildings or lands’ includes any tax imposed on buildings or lands;”; (b) in section 75, for the Explanation at the end, the following Explanation shall be substituted, and shall be deemed always to have been substituted, namely :— “Explanation.— For the purposes of a rate on buildings or lands, the basis of valuation may be— (i) the annual letting value; (ii) the annual value; (iii) the floor area, in the case of Mills, Factories and buildings and lands connected therewith; (iv) the capital value, in the case of vacant lands.”