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Tuesday, Feb 03, 2004

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Industry & Economy - Taxation


Karnataka Mayors' plea

Our Bureau

MANGALORE: The Mayors' Council of Karnataka has requested the State Government to allocate 25 per cent share in RTO taxes and 50 per cent in infrastructure cess on petrol and diesel to the respective city corporations to pay dues payable to the Asian Development Bank and World Bank. City corporations have taken loans from these funding agencies for infrastructure development.

In a letter to the Chief Minister, Mr S.M. Krishna, a copy of which was released to the press here on Monday, the Mayor of Mangalore and General Secretary of the Mayors' Council of Karnataka, Mr K. Diwakar, said that the council has requested Mr Krishna to consider their demands while preparing the budget.

The letter said that tax on vacant land in coastal districts should be made optional, and added that the percentage of depreciation should be decided by the respective city corporations, based on climate and other local conditions.

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