 bii no 5' of 1985 the estate duty (distribtn;'lon) a¥endment 'bnl, 1985 a billfurther to amend the estate duty (distribution) actl 1982 re it enacted by parliament in the thirty-sixth year of the bepublic ot ,india 88 fo11ow8:-~~' '  1 (1) this act may be called the estate duty' (distribution) amendment act, 1985'  5 (2) it shall come into force on the 1st day of april, 1985 shod;~' due  ani commence!-mente amendmentof long:title of act 9 of 1982 2 in the long title of the estate duty (distribution) act, 1962 (hereinafter referred to as the principal act), for the words, figures and letters "interim report dated the 14th t\ay of november, 1983", the words, figures and letters ''report dated the 30th day of april, 1984" shall be 10 blibstituted ' ' 3 in section 3 of the principal act, in sub-section (1),-amendmentof aectlons 15 (a) for the wql'ds, figures and letters "the financial yearcommencing on the 1st day of april, 1984", the words, figures and letters "each, of the financial years commencing on and after the 1st day of april, 1984" shall be substituted~ at for the wprds ''be distributed, provisionally,", the words ''be distributed" shan be substituted  statement of objects and reasonsthe net proceeds of estate duty in respect of property other thatt agricultural land levied and collected by the government of india are to be assigned to  the states within which the duty is leviable and distributed among them in accordance with such principles of distribution as may be formulated by parliament by law in terms of article 269 of the constitution the distribution of net proceeds of the duty levied  and collected under the estate duty act, 1953~ for the financial year commencing on the 1st day of april,'1984, was made in terms of the estate duty (distribution) act, 1962, as amended by the estate duty (distribution) amendment act, 1984, on the basis of the recommendations of the eighth finance commission made in its interim report dated the 14th november, 19&3 under which the arrangements as recommended by the seventh finance conunission were to continue for that financial  year the eighth finance commission, in its report dated the 30th april, 1984, has recommended that the existing ar,rangements in respect of the distribution between the union and the states of the net proceeds of estate duty may continue during the five years commencing' on the 1st day of april, 19m this bill seeks to amend the estate duty (distribl1tion) act 1962, to give ej!ect to the recommendations' of the eighth finance commission regarding the distribution of the !let pto:-ceeds ~f the estate duty of property other than agricultural land, except the proceeds attributable to the union tenitorles, among the states new delhi; vishwanath pratap singji the 16th march, 1985  (9 of 1962)an act to provide for the distribution of the net proceeds of the estate , dilty among the states in pursuance of the principles of distribution· formulated and  the ~mmendations made by the finance com  mission in its interim report dat~ the 14th day of november, 1983 - - - - - - 3 (1) during the financial year coinmencing on the 1st day of april, 1984, the net proceeds of estate duty levied and collected during that financial year shall, after deducting therefrom the net proceeds attribut, able to union territories, be distributed, provisionally, among the stat- in proportion to the grols value of all prope~ty situated in the respective states and brought into assessment in that financial year - - - distributioll of net proceeds of estate duty assigned to the statal bjll further to ·amend the estate duty (dlstnbution) act, 1982 f " , (shhibh'wcmath ptatop singh, minister of fincmce)' 