Bengaluru: The Karnataka Government has ordered a complete waiver of property tax on single screen theatres for the 2021-22 financial year. After the Karnataka State Film Exhibitors Association (KSFEA) submitted a detailed memorandum to Chief Minister B.S. Yediyurappa, the latter directed the officials to issue an order waiving property tax with immediate effect.
According to the order, the property tax waiver for single screen theatres will cost the State exchequer Rs. 9 crore. The decision comes at a time single screen theatres are reeling under the impact of the COVID-19 pandemic and the lockdowns enforced due to it.
