Bylaw
Financial Plan Bylaw No. 967, 2017, Amendment Bylaw No. 987, 2018
January 23, 2018Pages 281–2861 section
A bylaw to amend the town's financial plan for the year 2017-2018.
Bylaw No. 987Amendment to Bylaw No. 967
Permissive Tax Exemptions
The Annual Municipal Report for 2016 contains a list of permissive exemptions granted for the taxation year and the amount of tax revenue foregone. The list demonstrates the policy of Council that permissive exemptions are granted to not-for-profit institutions that form a valuable part of our community. These include religious institutions, historical societies, and recreational facilities.
Objectives
- The Town of View Royal will continue to consider the provision of permissive tax exemptions to non-profit societies.
- The Town of View Royal will consider the development of Revitalization Tax Exemptions as available under the Community Charter including exemptions targeted at development that encourages the revitalization of designated commercial or mixed-use areas, for LEED Gold and Platinum development and for Heritage Conservation.
Policies
- Develop a Revitalization Tax Exemption Program that details the kind of development activities the exemption program will target.
Page 281–286
Extracted from: 2018 01 23 Council Agenda - Agenda - Pdf