(G.N.S) dt. 8
Karnataka Chief Minister B.S. Yediyurappa, has directed the officers of government to issue an order waiving off the property tax on 630 single-screen theatres for the 2021-22 financial year.
According to the order, the property tax waiver for single-screen theatres will cost the state exchequer Rs 9 crore. The KSFEA in its memorandum to Chief minister stated that with theatres remaining shut for almost 14 months due to the Covid-19 pandemic since March last year, the theatre owners have suffered huge losses.