Representatives of trade bodies on Saturday urged the State Government to allocate sufficient funds in the State Budget for 2022-23 for developing infrastructure in industrial layouts, steps for promoting export, rationalisation of property taxes, and incentives for electric vehicles.
During interaction with Chief Minister Basavaraj Bommai, who chaired a pre-State Budget meeting with office-bearers of trade bodies, including the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), demanded constitution of a Cabinet sub-committee to bring rationalisation in the property taxes for industrial establishments.
The industrial units located in Bengaluru city and towns and even in villages fall under different local bodies such as the BBMP, city municipal councils, town municipal councils, and gram panchayats. To resolve tax issues, the FKCCI requested constitution of a Cabinet sub-committee to look into property taxes in the State.
