This act was passed to assert the authority of the British government to tax its subjects in North America after it repealed the much-hated Stamp Act. The Declaratory Act of 1766 declared that the British Parliament had the absolute right to tax colonies in North America.The Court agrees with the author of the HCD letter concerning the meaning of the word. "concurrently," as used in the Housing Crisis Act. The American Colonies Act 1766 (6 Geo. 3. c. On March 18, 1766, George III approved Parliament's repeal of the Stamp Act and its passage of the Declaratory Act. See attachment "Relevant Examples of Statutes that Exempt. Information Contained in a Public Record from Disclosure". 24. On March 18, 1766, George III approved Parliament's repeal of the Stamp Act and its passage of the Declaratory Act. Petitioning for declaratory relief regarding whether a proposed action would violate a no contest clause.