The preferential tax rate for the construction of parking for 100 or more parking places bill is adopted

Today, at a meeting of the State Council of Tatarstan, the draft Law "On Amendments to Article 3 of the Law of the Republic of Tatarstan" on the Value property of the organizations was adopted on first and second reading. "As explained by the keynote speaker on the subject of the agenda, Finance Minister Radik Gaizatullin , Republic of Tatarstan law "On the Value property of the organizations' established preferential rate of 0.01 per cent on the property tax for multi-level and underground parking (parking lots), build since January 1, 2011 to July 1, 2013 with the number of parking spaces of 150 units. This exemption is aimed at freeing passages from natural parking of vehicles to improve the capacity of road-street network. However, due to the cramped conditions of land identified for the construction of these parking lots, as well as restrictions on building height, operating in the inner cities, the capacity of the individual objects is less than 150 parking spaces.