Regulation BEFORE repealed by BC Reg 240/2019, effective November 27, 2019.
| B.C. Reg. 64/2018 Victoria Regional Transit Commission | Deposited March 28, 2018 effective March 31, 2018 |
British Columbia Transit Act; Motor Fuel Tax Act
Victoria Regional Transit Commission Regulation No. 39-2018
Land and improvements
1 In this regulation, "land and improvements" does not include land and improvements that are taxable for school purposes only by special Act.
Prescribed tax
2 (1) For the purposes of section 15 (2) (b) of the British Columbia Transit Act, prescribed tax rates for the fiscal year starting April 1, 2018 are
(a) $0.1816 per $1 000 of the net taxable value of land and improvements of property in classes 1, 3, 8 and 9, and
(b) $0.8808 per $1 000 of the net taxable value of land and improvements of property in classes 2, 4, 5, 6 and 7.
(2) The references to classes of property in subsection (1) are to the classes of property under the Prescribed Classes of Property Regulation.
[Provisions relevant to the enactment of this regulation: British Columbia Transit Act, R.S.B.C. 1996, c. 38, s. 15 (2)]