The Standing Committee authorized property-tax pilots in selected regions for five years. The move opened a path toward taxing property ownership and improving local revenue, while the pilotโs limited reach left Chinaโs dependence on land sales and housing wealth inequality unresolved.
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What did the property-tax pilot authorization create?
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The authorization enabled pilots but did not establish a nationwide tax.
Property-tax pilots were authorized nationwide as a permanent tax in 2021.
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The authorization enabled limited regional pilots for a fixed period.