State Act

The Mumbai Municipal Corporation Act.

7[128. Fixing rates of municipal taxes and of fares and charges of 8[Brihan Mumbai Electric Supply and Transport Undertaking].— (1) The Corporation shall, on or before the 9[twentieth day of March] after considering the 10[Standing Committee’s] proposals in this behalf,— (a) determine, subject to the limitations and conditions prescribed in Chapter VIII, the rates at which municipal taxes shall be levied, 11[* *] in the next ensuing 12[official year:] 13[Provided that, the Corporation may determine different rates of property taxes for different categories of users of a building or land or part thereof; and] (b) approve, subject to the limitations and conditions which may have been prescribed by or under any of the enactments or any licence referred to in clause (i-a) of sub-section (2) of section 126B, the rates at which the fares and charges in respect of the 14[Brihan Mumbai Electric Supply and Transport Undertaking] shall be levied. (2) Except under sections 134, 196, 460H and 460I, the rates so fixed and the articles so appointed shall not be subsequently altered for the year for which they have been fixed.] 15[(3) Notwithstanding anything contained in sub-sections (1) and (2), the Corporation may, 16[at any time during the official years 2010-2011, 2011-2012 and 2012-2013] determine, separately for each of the said 17[three years], the rates of property taxes for different categories of users of a building or land or part thereof. The rates of property taxes so determined shall be effective and shall be deemed to have been effective from the 1st of April of those 18[three years] and the taxes for the said 19[three years] shall be leviable and payable at the rates so determined.]