 bill no 51 of 1979 - the estate duty (distribution) amendment bill, 1979 a billfurther to amend the estate duty (distribution) act, 1962 be it enacted by parliament in the thirtieth year of the republic of india as follows:-1 (1) this act may be called the estate duty (distribution) amend-short ment act, 1979 title (2) it shall be deemed to have come into force on the 1st day of april, 1979 com mence ment 5 2 in the long title of the estate duty (distribution) act, 1962 (hereinafter referred to as the principal act), for the figures "1973", the figures "1978" shall be substituted amend~ mentaf lon, title of act 9 oi 1962 10 3 for section 3 of the principal act, the following section shall be substi-substituted, namely: -tution of new section for ection 3 is '3 (1) during each of the financial years, commencing on and after the 1st day of april, 1979, the net proceeds of estate duty levied and collected during that financial year shalj, after deducting therefrom the net proceeds attributable to union territories, be distributed among the states in proportion to the gross value of all property situated in the respective states and brought into assessment in that financial year distribution of net pro ceedsof estate duty a8lliidecl to the state •• (2) f<lr the purposes of this section,-(4) "gross value", in relation to property, means the total value of all property passing on the death of any person as determined by the controller under the estate duty act, 1953; 34 of leu (b) "net proceeds" includes the estate duty the payment s whereof has been accepted in accordance with the provisions 0' section 52 of the estate duty act, 1953; 34 of ita (c) "net proceeds attributable to union territories" means the portion of net proceeds which bears to the total net proceeds in any financial year the same proportion which the gross value 10 of all property, situated in all the union territories and brought into assessment in that financial year bears to the total gross value of all property brought into assessment in that year; (d) "property" does not include agricultural land; (e) any property situated outside india shall be deemed to 15 be situated in the state or, as the case may be, the union territory w}lere~ - the value ef such property has been brought into 8s1et1sment',  statement of objects and reasqnsthe net proceeds of estate duty in respect of property other than  agricultural land levied and collected by the government of india are 10 be assiioed to the states within which the duty is leviable and dis-·tll'1buted among them in accordance with such principles of distribution m may be formulated by parliament by law in terms of article 269 of the constitufton the distribution of the net proeeeds of the duty levied and collected under the estate duty act, 1953 is at present made in terms of the estate duty (distribution) act, 1962, as amended by the estate duty (distribution) amendment act, 1974, on the basis of the l'ecommendations of the sixth finance commission this bill seeks to amend the estate l>uty ('distribution) act, 1962, to give effect to the recommendatiollls of the seventh finance commission regarding the distribution of net proceeds of estate duty on property other than agricultural land, except the proceeds attributable to uniontel"ritortes, among the states new delhi; ' -?he 6th april, urn charan singh  president's recommendation under articles 117 and 274 of the constitution of india[copy of letter no f 10(1)-b(s) 178, dated the 6th april, 1979 from shri charan singh, deputy prime minister and minister of fjnance to the secretary, lok sabha] the president, having been informed of the subject matter o~ the proposed bill to further amend the estate duty (distribution) act, 1962, in pursuance of the principles of distribution formulated and the recommendations made by the finance commission in its report dated the "28th october, 1978, recommends under article 117 (1) of the constitu--tion read with article 274 (1) thereof, the introduction of the estate duty (distribution) amendment bill, 1979, in lok sabha  (9 of 1962)an act to provide fm' the distribution c1j the net proceeds of the eif4fe'-' duty among the state in punwmce of the principles of distributioft· forrnul4ted and the recommendatiornb made by the fimnce com--mission in its reporl doted the 28th day of october, un3  - - - - - diatrlbution of net proceed, if estate 3 (1) during each financial year commencing on and after the lat-· day of april, 1974, the net proceeds of estate duty levied and collected; during that financial year shall, after deducting therefrom a sum equal -to 25 per cent of the said proceeds as being attributable to union territories, be distributed among the states in accordance with the provisi~ of s'ub-section (2) ~ty aalided to the states (2) out of the total amount falling to be distributed in any financial· year under sub-section (1)-(a) the amount attributable to immovable property shall be· distributed among the states in proportion to the gross value of the immovable property situated in the respective states as determined" in respect of that financial year; (b) the balance shall be distributed among the states as· follows:-percentage state 804' 270 1041 493 1:86' 064' ' 085 541 39~, 770 931~ 020 019 010 405· 250 476' 761 029' 1632 andhra pradesh assam bihar gujarat haryana himachal pradesh jammu and kashmir karnataka kerala madhya pradesh maharashtra manipur meghalaya nagaland orissa punjab rajasthan tamil nadu tripura , uttar pradesh  (3) for the purposes ot this section,-(0:) "amount attributable to immovable property" means an amount which bears to the total amount distributable in any financial year under sub-section (1) the same proportion which the eross value of all immovable property situated in the states bears to the gross value of all property, movable and immovable, so situated, as determined in respect of that financial year; (b) "gross value", in relation to movable or immovable property, means the total value of all movable property or, as the case may be, of all immovable property, passing on the death of any person as determined by the controller under the estate duty act, 1953; m of 1053 does not include agricultural - - , (p:) "immovable property" land - - - : ")  i i -  , - bill further to amend the estate duty (distribution) act, 1962 '~ flo i  t l , j  ,                                                            (shri charan singh,                                                         deputy prime ministn                                                         cmd minister of finance) t ~ 