 bui no 27 of 1969 the estate duty (distribution) amendment bill, 1969h q_ a bill  further to amend the estate duty (distribution) act, 1962be it enacted by parliament in the twentieth year of the republic of india as follows:-1 (1) this act may be called the estate duty (distribution) amend- short ment act, 1969 title and commence-s (2) it shall be deemed to have come into force on the 1st day of april, ment 1969 9 of 1962 2 in the long title of the estate duty (distribution) act, 1962 (here- amendinafter referred to as the principal act), for the figures, letters and words ~e;t of "12th day of august, 1965", the figures, letters and words "31st ~ay of title october, 1968" shall be substituted 10 3 in section 3 of the principal act,-amendment oj (i) in sub-section (1) ,-eet1on s (a) for the figures, letters and words "1st day of april, 1966,", the figures, letters and wonis "1st day of april, 1969," shall be substituted; to the ef>ta'l'e duty (dllitribution) a1>1e;ti)i'i':c:iit bill, 1969 l-t 0 bc/as--!ntroduced in lok sabhaj 1 page 2, line 6,-i'l~ it of" ~ "as" new delhi· , march 25 1969 chaitra 4, 1891 (saka) (b) for the words "two per cent", the words "three per cent" shall be substituted;  (ii) in sub-section (2), for clause ('b) and the provisos occurring at the end of that clause, the following clause shall be substituted, namely:-5 "('b) the balance shall be distributed among the states of follows:-"------percentage state andhra pradesh 8'37 10 assam 2'76 bihar 10'80 4'80 galarat  jiaryana 1'76 jammu and kashmir o'r" is kerala , 3'93 madhya pradesh 7's3 maharashtra 9'20 myaore  5'4r nagaland 0'09 20 ori  4'os punlab 2's9 ralasthan 4'68 tamilnac1u 7's3 uttar pradesh 17 'is west bengal , 2s 8'12,"  statement of objects and reasonsthis bill seeks to further amend the estate duty (distribution) act, -l982, as amended by the estate duty (distribution) amendment act, 1965, for the purpose of giving effect to the recommendations made by the fifth finance commission for the distribution among the states of the net pro-·-ceeds of the estate duty on property other than agricultural land, except in so far as those proceeds represent the proceeds attributable to union  territories new delhi; morarji desai "the 6th march, 1969 /, ' "  'president's recommendation under articles 117 and 274 of the constitution of india[copy of letter no f13(15)-bi68, dated the 6th march, 1969 from ~shri morarji desai, deputy prime minister and minister of finance to :the secretary, lok sabha] the president having been informed of the subject matter of the proposeti 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 interim ~port dated the 31st day of october, 1968, recommends under article 117(~) of the constitution of intlia read with article 274 (1) thereof, the introduction -of the estate duty (distribution) amendment bill, 1969, in the lok babha  and also the consideration of the bill  annexure extracts from the estate duty (distribution) act,1962 (9 of 1962)an act to provide for the distribution of the net proceeds of the estateduty arrk>ng the states in pursuance of the principles of distribution formulated and the recommendations made by the finance commission in its report dated the 12th day of august, 1965, - - - - - a (1) during each financial year commencing on and after the 1st day of april, 1966, the net proceeds of estate duty levied and collected during that financial year shall, after deducting therefrom a sum equal to two per cent, of the said proceeds as being attributable to union territories, be distributed among the states in accordance with the provisions of sub-section (2), distri_ bution of net proceeds of estate duty assigned to the states, (2) out of the total amount falling to be distributed in any financial year under sub-section (1)- - - - - (b) the balance shall be distributed among the states as ~~~ 1 - -----------------------__----pcrccnta~e state 8'34 andhra pradesh 2'7s assam 10,76 bihar -4'78 gujarat  0'83· jammu and kashmir _ kerala  | 3              | '91-     ||----------------|-----------|| 7'so           |           || madhya pradesh |           || 7'80-          |           || madra' _      |           || 9-             | 16        || s '46-         |           || mysore _       |           || o'op           |           || nagaland       |           || orissa         |           || punjab         |           || "'eif          |           || 4'70           |           || 4'67           |           || rajasthan      |           || 17'08          |           || uttar          | pradesh _ || 8              |           || '0,:           |           || \'ii"eot       |           || b~nga1         |           | ~ provided that the share payable under clause (b)· to the state of punjab, as it existed immediately before the 1st day of november, 1966, shall be construed, as from that date, as payable to the state of haryana and the state of punjab and the union in the proportion of 3738 54:84 7:78 provided further that the share allocable to the union shall be retained by it anti shall be deemed to form part of the consolidated fund of india & bill further to amend the estate duty (distribution) act, 1962 