This act was passed to assert the authority of the British government to tax its subjects in North America after it repealed the much-hated Stamp Act. March 1766: Parliament issues the Declaratory Act, which states that the king and Parliament have full legislative power over the colonies.On March 18, 1766, George III approved Parliament's repeal of the Stamp Act and its passage of the Declaratory Act. In 1764, Grenville's government passed the Sugar Act, which placed a tax on sugar imported from the West Indies. A declaratory judgment is a legal tool that allows a court to make a statement or ruling on a legal issue or dispute without necessarily awarding damages. "Agreement" has the definition set forth in the preamble, including all exhibits. UK opt-out 178, 182–3, 184 common standards 178. The Federal Edition in 12 volumes. Vol. V (Letters and Misc.