Resource information
These Measures are enacted for the purpose of regulating the administration of increment income of rural collectively-owned commercial construction land, establishing a land increment income distribution mechanism which gives consideration to the state, collectives and individuals, ensuring that farmers fairly share land increment income. The Measures consist of 24 Articles divided into 5 Chapters: General Provisions; Collection; Administration on Use; Legal Liabilities; Supplementary Provisions.Rural collectively-owned commercial construction land here means the land, in existing rural collectively-owned construction land, determined in the overall planning on land utilization and urban and rural planning to be used for industry, mining, storage, commercial service, and other business purposes.If a rural collective economic organization obtains income on the entry into market of rural collectively-owned commercial construction land by transfer, lease, capital contribution through valuation of land (shareholding), and other means, or a person with the right to use rural collectively-owned commercial construction land which has entered market obtains income on re-transfer by sale, exchange, gift, lease, capital contribution through valuation of land (shareholding) or other means deemed as transfer, it/he shall pay adjustment fund to the state. Adjustment fund shall be collected at 20% to 50% of the increment income on the entry into market or re-transfer of rural collectively-owned commercial construction land.
