134.
| (1) Every Pradeshiya Sabha may, subject to the approval of the Minister, impose and levy a rate on the annual value of any immovable property or any species of immovable property situated in localities declared by the Pradeshiya Sabha, with the approval of the Assistant Commissioner to be built up localities. |
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| (2) The Pradeshiya Sabha may impose different rates fur different built-up localities or parts thereof, having regard to the level of development of such localities or such parts, as the case may be. |
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| (3) The Pradeshiya Sabha may, subject to the approval of the Minister, impose and levy an acreage tax not exceeding the rates set out below, on each hectare of land situated within the limits of any Pradeshiya Sabha and which is under permanent of regular cultivation of any kind:
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| (4) Where a building is used wholly or mainly for purposes connected with or incidental to the cultivation of the land on which it is situated, Or for residential purposes by any person or persons engaged in the cultivation of that land, and an acreage tax is levied and paid on that land no rate shall be recovered on that building notwithstanding that it is situated within a built-up locality. |
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| (5) Where the Pradeshiya Sabha in imposing any rate for any year under subsection (1) or an acreage tax under subsection (3) resolves to levy without alteration the same rate as was in force during the preceding year the approval of the Minister shall not be required for the imposition and levy of such rate or acreage tax. |
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| (6) Such rate or acreage tax under this section shall be payable by such installments and at such times as the Pradeshiya Sabha may direct. |
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| (7) Every Pradeshiya Sabha shall allow a discount of ten per centum of the amount of any annual rate or acreage tax if such rate or tax is paid on or before the thirty-first day off January of that year or where such rate or tax is payable in installments, a Pradeshiya Sabha shall allow a discount of five per centum of the amount of the installment of such rate or tax due if such amount is paid within the first one month of the period for which the instalment of such rate or tax is due. |
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Sri Lanka Consolidated Acts