Note: This regulation has been placed in the Regulations Point in Time collection. This regulation is not repealed.
| B.C. Reg. 228/99 O.C. 853/99 | Deposited July 19, 1999 effective October 1, 1999 |
Hotel Room Tax Act
Additional Tax Regulation (City of Richmond)
Applicability
1 Section 3 (1) of the Hotel Room Tax Act, R.S.B.C. 1996, c. 207, applies in respect of accommodation purchased within the City of Richmond on or before October 1, 2004.
Additional tax payable
2 The additional tax payable under that section is 2% of the purchase price of the accommodation.
Purpose for tax expenditure
3 The purposes for which the amount paid to the municipality out of the revenue collected from the tax may be expended are
(a) trade and exhibition centre construction and operation, and
(b) tourism marketing.
Apportionment of tax proceeds
4 The apportionment of the amount paid to the municipality out of the revenue collected from the tax must be
(a) at least 50% for tourism marketing, and
(b) the balance for trade and exhibition centre construction and operation.
[Provisions of the Hotel Room Tax Act, R.S.B.C. 1996, c. 207, relevant to the enactment of this regulation: section 43]