 biu no 720119' the' estate duty (distribution) amendmbnt bill, 1965 a bill lurther to  amend the bbtote duty (dinribution) a~, i_ slt enacted by parliament in the sixteenth year f 1ihe republic of lddia as tollows:-1 (1) this act may ·be cajled the estate duty (distribution) short title ameddmst act, 1965 add com-o mence-s (2) itshall come into force on the 1st day of april, 1968 ment - -j 1  z in the long  title of the estate duty (distributiou) ad, 1982 amend- (berelnatter referred to  the principal act), for the words, figures meat and letters i'dated the 14th day of december 1981" the w~~" of long , , \m'--t title flgures and letters 0 "dated the 12th day of august, 1965" shall be  10 aubltttuted  3 in section 3 of the principal act,- _ (i) for iub-aec:tion _11) t the followin sub-lection shall besubltltu~, namely:- -"(1) during each ftnancial year commenc:fng on and after the !at day of april, 1866, the net proceeds of ta~ ,  duty levied and collected durio, that banetal year ihall, after deduet1ng therefrom a bum equal to two per cent of the aid proceeds 88 being attrtbutable to udion territories, be c:ustributacl among the states· in accordance' with the proyislodl of sub-section (2) tt; 10 (ii) for clallle (i») of sub-section (2), the following clauie shall be aubatltuted, namely:-•• (b) tlbe balance shall be c:uitrlbuted amon the states u follows:-state pereentage i, addhra pradesh a'h abslm zo'15 bihar  10'76 gujarat "'78 20 j8llljdu and kashmir 0'83 kerala 3·n madhya pradesh 7'50 madras  7',, mahraahtra  9'16 25 'mysore  5' na~~ 0'09 orissa 4'07 punjab   4~'10 rajasthan 4'8'1 30 u~ur prade&h 17'08 west bengal  8'09" ------- statement of objects and reasonsthis  bill seeks to amend the estate duty (distribution) act, 1162 for the purpose of giving effect to the recommendati&ds made by  the fourth finance commission for the distribution amon, tbe ~tates of the net p~ of the estate duty on property other than agricultural land, except in so far as those proceeds represent the proceeds attritbutable to union territories  - t t krishnamachari nor daua; the 20th november, 1865 president's recommendation under articles 117 and til 274 of the constitution of india -_ [copy of letter no f 13 (12) -b/65, dated the 22dd november, 1965 from shri t t krishnamachm, minister of finance to the secretary, lok sabha] the president having been informed of the subject inatter of the proposed bill to further amend the estate duty (distribution) act, 1962, in pursuance of the principles of distribution· fqrmulated and the ~ommeadatiodl made by the finance commlalon in its report dated the 12th day of august, 1965, recommends under article 117(1) of the constitution of india read with article 274 thereof, the introduction of the estate duty (djstributlon) amendment bill 1985, in the lok sabba and also the consideration of the bill  annexure extracts from 'l'hi: estate duty (dis'i"rmunon) act, 1962 (9 of 1962)an act to provide for the distribution of the net proceeds of the estate· duty among the states in punntance of the principles of distribution formulated and the recommendations made by the finance commiasion in its report dated the 14th day of december, 1961  - - - - - diatribu-3 (1) during each financial year comme~cing on and after the tion of net 1st day of ap~, 1962, the net proceeds of estate duty levied and :-': ~ collected during that ftdancial year shall, after deducting therefrom uai«nedu ~ a sum equal to one per cent of the said proceeds as being attributfile state able to union temtories, be distributed among the states in accordance with the provisiolls of sub-section (2): provided that the amount attributable to the union territories shall ,be taken to be o' 98 per cent during the financial year 1s63-m and o' 95 per cent during each of the subsequent financial years: provided further that out of the amount distributable among ~he ~tates, there shall be paid to the state of nagaland during the financial year 1963-64, o' 02 per cent, and during each of the subsequent financial years, o' 05 per cent of the net proceeds and o~y the balance distributed among the remaining states in accordance with the provisions of sub-section (2)   (2) out of the tetal amount falung to be distributed in any inancial year under sub-section (1)-- - - - - (b) the balance shall be distri'buted amqllg the state as follow's: --state percentage ---__-------__-----------aildhra pradesh assam i ---___--_  _---------------- --__----__  _,--"-:-: state --------______ jp~rce,lta"e --------------___-----------bihar 10''l8 4,m 0'" ' 8' • 'l'51 'l,ao 9'i8 5' ,oa gujarat jammu and kuhmir kerala madhya pradesh madras maharashtra my80re ori  "''l1 punjab  rajuthan uttar pradelh 4'8'1 1'l'10 a bill ftanher to amend the bstate duty (distribution) act, 1962  , (shri t t krislmamachari,  , /\1 mister 0/ finane) 