Repeal and saving preserves pre-existing tax liabilities and ongoing proceedings despite enactment of the new tax law. Repeal and saving provision preserves the legal consequences of specified pre-existing state tax enactments on commencement of the new Act. The repeal does not revive matters not in force, nor affect prior operation or actions taken under the amended or repealed Acts. Rights, obligations, taxes, surcharges, penalties, fines, interest, forfeitures and punishments incurred under the repealed or amended Acts remain enforceable, and investigations, assessments, adjudications, appeals and recovery may be continued or instituted as if those Acts had not been repealed. Investment incentives by notification may cease if rescinded on or after the appointed day.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 saving preserves pre-existing tax liabilities and ongoing proceedings despite enactment of the new tax law.
Repeal and saving provision preserves the legal consequences of specified pre-existing state tax enactments on commencement of the new Act. The repeal does not revive matters not in force, nor affect prior operation or actions taken under the amended or repealed Acts. Rights, obligations, taxes, surcharges, penalties, fines, interest, forfeitures and punishments incurred under the repealed or amended Acts remain enforceable, and investigations, assessments, adjudications, appeals and recovery may be continued or instituted as if those Acts had not been repealed. Investment incentives by notification may cease if rescinded on or after the appointed day.
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