Can the Parliament make laws to impose taxes on property used for the purposes of a state's trade or business activities?
Yes, the Parliament can make laws to impose taxes on property used for the purposes of a state's trade or business activities, as per clause (2) of the given context. However, it is subject to any extent that Parliament may by law provide, and no such law shall have effect unless it has received the assent of the President, with provisions for his previous consent on making rules or orders under the law.