Repeal and savings preserve existing tax liabilities and permit continuation of proceedings despite repeal of prior tax laws. The Act repeals specified State tax laws on commencement while preserving existing legal effects: the repeal does not revive former enactments or affect prior operations, rights, obligations, liabilities, taxes, surcharges, penalties, interest, forfeitures or punishments. Investigations, assessments, adjudications, recoveries and proceedings, including appeals and reviews, may be instituted or continued and enforced as if the repealed Acts remained in force. Tax exemption notifications granted as investment incentives do not survive if rescinded on or after the appointed day.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repeal and savings preserve existing tax liabilities and permit continuation of proceedings despite repeal of prior tax laws.
The Act repeals specified State tax laws on commencement while preserving existing legal effects: the repeal does not revive former enactments or affect prior operations, rights, obligations, liabilities, taxes, surcharges, penalties, interest, forfeitures or punishments. Investigations, assessments, adjudications, recoveries and proceedings, including appeals and reviews, may be instituted or continued and enforced as if the repealed Acts remained in force. Tax exemption notifications granted as investment incentives do not survive if rescinded on or after the appointed day.
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