Q.
Explain the followings:
i) Contribution to rates (5 marks)
ii) Exempted rates (12 marks)
iii) Premium and additional premium (8 marks)
(25 marks, 2017 Q7)
A.
i) Contribution to rates
ii) Exempted rates
4 types of holdings exempted from rates.
Exemption from rates under the Local Government Act 1976 are as specified in S.134.
134. When any holding or part thereof is used exclusively—
(a) as public places for religious worship;
(b) as licensed public burial grounds or crematoria;
(c) for public schools;
(d) as public places for charitable purposes or for the purposes of science, literature or the fine arts, and not for pecuniary profit, the State Authority may at its discretion exempt such holding or such part thereof from the payment of any rate.
See 'Exemption from assessment rate' here.
Ref:
See Exemption from assessment rates in earlier posting here.
iii) Premium and additional premium
Ref:
Earlier posts.