The chief minister did not announce any stimulus package to revive the economy. However, he desisted from going in for significant upward tax revision under any head. To give a breather to the real estate market, Yeddyurappa intended to reduce stamp duty from 7.5 per cent to 6 per cent. Besides, he met the demand of the housing sector by introducing the much-needed reforms like introducing slab system for collection of stamp duty on property lease.
In case of commercial taxes, which witnessed a negative growth of Rs 1,749 crore as compared with the estimate, the chief minister continued exemption of VAT on paddy, rice, wheat and pulses for one more year. In order to encourage travel and spending, he slashed luxury tax on hotel room rents, besides entertainment tax on cinema tickets.
But outside Bangalore, the budget earmarked Rs 100 crore for construction of airports in Gulbarga, Bijapur, Shimoga, Hubli, Bellary and Mysore cities. Yet, there was no mention of proposed airports in Hassan, Bidar, Karwar and Mangalore.
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