New Hotels
Remission in Stamp Duty, Land and Building Tax and Luxury Tax to New Hotels Remission in Stamp Duty, Land and Building Tax and Luxury Tax for New Hotels provided that an investment of Rs. 1 Crore or above is made between the period 01.04.2000 and 3 1.12.2002 and the unit start functioning by 31st December' 2002

New Tourism units such as Safari Park, Holiday Resorts, amusement parks, Hotels Ropeways etc.

Remission in Land and Building Tax
Remission in Land and Building Tax payable in respect of boarding/lodging units, Safari Park, Holiday Resorts, Amusement Parks, Camping Sight Ropeways and Motels etc. to the extent of 100% for a period of 5 years. Such remissions, are available only to those Tourism Units which have invested Rs. 1.00 Crore or above during the period between 29.3.01 and 31.12.02 and start functioning by 31.12.02

Remission in Luxury Tax
Remission in Luxury Tax up to 50% in municipal areas and up to 100% in Panchayat Areas
for a period of 5 yrs. To boarding/lodging units, Safari Park, Holiday Results, Amusement
Parks, Camping Sight Ropeways and Motels etc. Such remissions are available only to those
Tourism Units which have invested Rs. 1.00Crore or above during the period between
29.3.01 and 31.12.02 and start functioning by 31.12.02

Remission in Stamp Duty
Remission in Stamp Duty up to 50% in municipal areas and upto100% in Panchayat Areas on transfer of deeds relating to purchase (if land for boarding/lodging units. Safari Park, Holiday Resorts, Amusement Parks, Camping Sight Ropeways arid Motels etc. Such remissions are available only to those Tourism Units which have invested Rs. 1.00 crores or above during the period between 29.3.01 and 3 1.12.02 and start functioning by 31.12.02

Remission in Luxury Tax during the off-season
During the month of off-season i:e April - May - June - July the Luxury Tax is exempted
up to 50% payable under Rules.

Increase in slab rate of Luxury Tax
The Slab rate of Luxury Tax has been increased from Rs. 750/-to Rs. 1000/-on room tariff.

Interest Subsidy to tourism Units such as Hotel, Motel etc

Interest Subsidy of 2% on the rate of interest subject to a maximum of Rs. 15.00 lacs is given by Industry Department on the loans taken from State/Central financial Institutions, Scheduled Commercial Banks and Co-operative Banks, subject to the condition that such

tourism units shall employ 50% unskilled local workforce. Subsidy would be available on eligible investment up to 60. 00 lacs