Clause 2

Section 2 of the Property Tax Act (referred to in this Act as the principal Act) is amended by inserting, immediately after paragraph (f) of the proviso to the definition of “annual value”, the following paragraph:“(g)in assessing the annual value of any property required to be assessed on the basis of gross receipts by any order made under section 6A, the Chief Assessor shall determine the annual value of the property in the manner specified in the order and the amount so determined shall be deemed to be the annual value of the property;”.