Are there any limitations on the taxes that can be imposed by a State's Legislature?
Yes, there are limitations on the taxes that can be imposed by a State's Legislature. The State's Legislature may impose certain taxes with the assent of the President and must provide for the previous consent of the President to be obtained before making any rules or orders related to taxation under the law. Additionally, there are specific exemptions and limitations mentioned in clauses (1), (2), and (3) regarding Union taxation and trade or business taxes carried on by or on behalf of the Government of a State.