The Indian Chamber of Commerce and Industry, Coimbatore on behalf of its members, the innovative entrepreneurs and people of this industrial city, expressed its gratitude to Chief Minister of Tamil Nadu and to S.P. Velumani, Minister for Local Administration for keeping the hike in the Property Tax on hold.
The Government of Tamil Nadu has deferred the hike in Property Tax rates for urban areas, which had been announced to be effective from April 2018,
The Chamber also thanked the Government for considering favorably the representations from house owners, traders, industries and the general public in this regard.
“This announcement of the Government will certainly help all sectors – industrial, commercial establishments and residences situated in Coimbatore which are very badly affected due to economic slowdown, to carry out their day to day activities without any distress and also help them to overcome the present financial crunch”
“We earnestly appeal to the Four-Member Committee, constituted by the State Government, to favorably consider the representations of trade, industry and common man with regard to Property Tax revision” a release from the Chamber said.