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B.C. Reg. 179/2004, deposited April 22, 2004, pursuant to the TAXATION (RURAL AREA) ACT [Section 20]. Order in Council 396/2004, approved and ordered April 21, 2004.
On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that the Taxation (Rural Area) Act Regulation, B.C. Reg. 387/82, is amended as set out in the attached Schedule.
— G. COLLINS, Minister of Finance; G. CAMPBELL, Presiding Member of the Executive Council.
Schedule
1 Sections 5 and 6 of the Taxation (Rural Area) Act Regulation, B.C. Reg. 387/82, are repealed and the following substituted:
5 For the purpose of section 20 of the Act, in all areas of British Columbia except the Peace River Regional District, the tax rates for 2004 and for each year after that are the amounts set out in column 2 of the following table to be applied against each $1 000 of actual value of property in the appropriate class set out in column 1:
Table | |
---|---|
Column 1 Class |
Column 2: Rate for 2004 and subsequent years $ |
Residential | 0.95 |
Utilities | 4.20 |
Unmanaged forest land | 4.50 |
Major industry | 4.50 |
Light industry | 3.70 |
Business and other | 3.70 |
Managed forest land | 0.50 |
Recreational property/non-profit organization | 1.70 |
Farm | 0.50 |
6 For the purpose of section 20 of the Act, in the Peace River Regional District, the tax rates for 2004 and for each year after that are the amounts set out in column 2 of the following table to be applied against each $1 000 of actual value of property in the appropriate class set out in column 1:
Table | |
---|---|
Column 1 Class |
Column 2: Rate for 2004 and subsequent years $ |
Residential | 0.95 |
Utilities | 5.39 |
Unmanaged forest land | 4.50 |
Major industry | 5.69 |
Light industry | 4.89 |
Business and other | 3.70 |
Managed forest land | 0.50 |
Recreational property/non-profit organization | 1.70 |
Farm | 0.50 |
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