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At present, PCMC has the following subject committees: Law, Women and Child welfare, City improvement, Biodiversity and a committee for Sports, Art, Literature and Culture. [11] The Standing Committee is the perhaps the most important committee of the PCMC formed according to Section 20 of Maharashtra Municipal Corporation Act, 1949. [31]
Their services are instead paid for by taxing other property owners in the city's jurisdiction such as homeowners and for-profit businesses. For many municipalities in the United States, property taxes are the primary source of revenue. The amount of forgone tax revenue as a result of these tax-exempt land parcels is significant.
Property tax has been shown to be regressive [2] (that is, to fall disproportionately on those of lower income) under certain circumstances, because of its impact on particular low-income/high-asset groups such as pensioners and farmers. Because these persons have high-assets accumulated over time, they have a high property tax liability ...
Concession agreement may also state the role of an authority and concessionaire and conditions regarding control and ownership of the assets and facilities such as concession can either allow the authority to retain or keep actual ownership of the assets, turning over to the concessionaire and reverting the control and ownership back to an ...
As the April 18 tax deadline nears and state returns are filed, many Pennsylvania taxpayers will likely be -- or are already -- wondering how long it'll take to get their refunds this year. The ...
Property taxes are levied by either state government or local civic bodies. Property tax or 'house tax' is a local tax on buildings, along with appurtenant land. It is imposed on the Possessor (not the custodian of property as per 1978, 44th amendment of the constitution). It resembles the US-type wealth tax and differs from the excise-type UK ...
Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.
The PCMC festival is an annual cultural event held in the city. It was started by the Pimpri Chinchwad Municipal Corporation, Pune in 1996 under the name 'Ganesh Festival' as it used to be organized on the occasion of Ganeshotsav. Since 2004, the PCMC stopped organizing the festival and it was kept alive by the PCMC Social Club.