Staff Report: Permissive Tax Exemption Bylaw Amendments
Report recommending a permissive tax exemption for the Extreme Outreach Society for the 2017 tax year.
TOWN OF VIEW ROYAL COUNCIL REPORT
TO: Council DATE: September 29, 2016 FROM: M. Dillabaugh, Director of Finance MEETING DATE: October 4, 2016
Permissive Tax Exemption Bylaw Amendments
RECOMMENDATION:
THAT Council gives first, second and third reading to Tax Exemption Amendment Bylaw (Non-Profit Organizations) No. 935, 2015, Amendment Bylaw No. 956, 2016.
CHIEF ADMINISTRATIVE OFFICER’S COMMENTS:
I concur with the recommendation.
BACKGROUND:
Under Section 224 of the Community Charter, Council may by bylaw, exempt land or improvements from taxation. Accordingly, Council adopted Bylaw No. 935, Tax Exemption Bylaw (Non-Profit Organizations), 2015. The term of the permissive tax exemption bylaws is a maximum of ten years.
In addition to meeting the requirements under Section 224 of the Community Charter, applications must meet the criteria based on Policy No. 1600-018, Permissive Tax Exemption.
Applications for exemption may be made to the Town of View Royal under the permissive tax bylaws and policy with an application deadline of July 31. One new application for tax exemption has been received for 2017.
The new application is from Extreme Outreach Society for Unit 102 – 284 Helmcken Rd. Extreme Outreach Society provides six different programs that are primarily focused on at risk children and families in need.
Section 1.2.1 of the Permissive Tax Exemption Policy states that a copy of audited financial statements for the previous year must be included with the application. The application from Extreme Outreach Society does not include audited financial statements, rather statements that are a Notice to Reader. A Notice to Reader provides no assurance from the accountants preparing them.
FINANCIAL IMPACTS:
The approximate value of the Extreme Outreach Society request is $6,366 based on the 2016 assessed value and inflation for 2017.
Policy No. 1600-018 outlines that Council may provide a partial exemption for a number of factors, including that the organization received a grant-in-aid from the Town. Extreme Outreach Society received a grant in aid in 2016 for up to $2,200.
RECOMMENDATION:
THAT Council gives first, second and third reading to Tax Exemption Amendment Bylaw (Non-Profit Organizations) No. 935, 2015, Amendment Bylaw No. 956, 2016.
Attached Documents:
- Proposed Bylaw No. 956
- Policy 1600-018
- Permissive Tax Exemption received from Extreme Outreach Society
SUBMITTED BY: M. Dillabaugh, Director of Finance
REVIEWED BY: K. Anema, Chief Administrative Officer
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