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| B.C. Reg. 87/2021 Victoria Regional Transit Commission | Deposited March 18, 2021 effective March 31, 2021 |
1 ? In this regulation, "land and improvements" does not include land and improvements that are taxable for school purposes only by special Act.
2 ? (1) For the purposes of section?15?(2)?(b) of the British Columbia Transit Act, prescribed tax rates for the fiscal year starting on April?1,?2021 are
(a) $0.1794 per $1?000 of the net taxable value of land and improvements of property in classes?1, 3, 8 and?9, and
(b) $0.9688 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.]
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