TAX ON PROPERTIES OTHER THAN AGRICULTURAL LAND ABUTTING TO NATIONAL / PROVINCIAL HIGHWAYS AND WITHIN THE AREA OF MOTOR WAYS OUTSIDE THE RATING AREAS IN PUNJAB.-
- There shall be charged, levied, assessed and paid a tax at the rate of five percent of the Annual Taxable Value of all categories of properties other than agricultural land, outside limits of the rating area, abutting to national or provincial highway or part thereof or within the area of motorways, in such limits and lengths, as may be notified by the Government.
- The tax under this section shall be due from the owner or the occupant, jointly and severally to be charged, levied, assessed and paid in addition to any other tax charged and collected under any other law for the time being in force and shall be the first charge upon the property unit.
- The tax under this section shall not be leviable in respect of the buildings and lands:
- Annual Taxable Value of which does not exceed rupees five hundred thousand belonging to a widow, a divorcee, a disabled person, a minor orphan or a female unmarried orphan upto the age of twenty five years;
- owned by Federal or Provincial Government; or
- exclusively used by public for worship.
- The tax, including surcharge, payable under this section, shall be administrated and regulated under the provisions of the Punjab Urban Immovable Property Tax Act, 1958 (V of 1958).
- Notwithstanding any other provision of this section, the Government may, by notification in the official Gazette, exempt any property unit or persons, or classes thereof, from the whole or any part of the tax chargeable under this section, subject to such conditions and limitations as may be specified by the Government.
Explanation: A word or term used but not defined in this Act shall have the same meanings as defined in the Punjab Urban Immovable Property Tax Act, 1958 (V of 1958).
Definitions.- In this Act:
- “Annual Taxable Value” means the value of a distinct property unit excluding the value of any machinery etc. thereof, which shall be the basis of determination of tax assessed, levied and recovered under section 10 of this Act;
- “buildings and lands” in relation to the tax under section 10 of this Act includes a parcel or portion thereof having distinct boundaries intended for specific purpose including residential, commercial or industrial use;
- “Government” means Government of the Punjab;
- “motorways” means the multiple-lane, high speed, limited access or controlled access highways in Punjab which are owned, maintained and operated as such by the National Highway Authority;
- “national highways” means the highways in the Punjab which are owned, maintained and operated as such by the National Highway Authority;
- “owner” includes a mortgagee with possession, a lessee in perpetuity, a trustee having possession of a trust property and a person to whom an evacuee property has been transferred provisionally or permanently;
- “prescribed” means prescribed by the rules made under this Act;
- “provincial highways” means the highways, including but not limited to in Punjab which are owned, maintained and operated by the province of the Punjab; and
- “rating area” means urban area where property tax is levied under the Punjab Urban Immovable Property Tax Act, 1958 (V of 1958).