Permissive exemption

403. (1) Prier to Auguste 31 ia any year, the council may, by bylaw adopted by 2/3 of
itg members, exempt from taxation uader secticn 273 (a), (b) aad (c) for the next
calendar year or, with the minister’s approval and the assent of the elestors, for 2
period mot execeding 16 years, land, improvements er both

(a) owned. or heid, maintained and operated a8 a park or recreation ground
ar for athletic or recreational purposes by another municipality;

(8) owned of held by an athletic or service club or association and used
principally as a public park or recreation ground or fer public athietic
of recreational purposes;

(c) nat being operated for profit or gain end owned by @ charitable or
philanthropic organization supported im whole or in part by public funds
and used exclusively to help the pear, eiderly, infirm or handicapped, or
as 2 home for the care of children;

(4d) ewned and used exclusively by a horticultural or agricultural society:

(e) owned and used for water purposes by another municipality;

(f}ia whole or ia part, owned by another municipality and used for an
airpert, seaplane base or landing area for sircraft:

(g) owned or held by a person or organization and operated ag 3 private
hospital licensed under the Hasgital det or an institution liceased under
the COrRIvI: aly CaPe Facility AGke

({b) in whole or in part, fer which 2 grant kas been made, after March 31,
i974, under the Housing Construction (Elderly Citizens) Act

(2) Subsection (1) alsa applies to.

(a) @ historical building, and the land on which it is situate: .

(b) land acquired for water purposes by another mumicipality but sat
actually im use for any purpose; — ; me

(c) the interest ia school buildings of a non-profit organization specified by
the caunmeil that the non-profit organization, wses or ceaupies ag licenses
or tenant of a board of school trustecs. ;

(d) the part of a property that is taxable uader section 411(1) and is used by
@ Romeprefit organization.

WEToFBoSIs LSI, WP MolOy WTA; WoSbolI 1984011633,

afzative May 14,1884(B.C. Reg, 182/S4)3 1988-20-80.

Exemption detalls

401. (1) Am exemption from taxation under section 400 may apply to the whole or a

are of the taxable assessed value of land, mmprovements or both. ;
P (2) Ag exemption for land under section 400 (1) (ec) aad (d) aad (2) (2) shall in go

ease extend to more than 2 ha. 7 ;

(3) Ag exemption under section 400 (1) (b) aad (c) and (2) (2) may, is the
diseretion of the council, be made applicable to property where the registered owner is
a erustee for a2 organization which in the opinion of cauncil would otherwise
qualify for exemption. ;

(4) The council may by bylaw exempt, ia whole or ig part, an owner or operator
of premises described in section 400 from business tax under section 495.

és) A bylaw adopted under section 400 or this section ceases to apply to
property the use or ownership of whick no longer conforms to the conditions Becessary
to qualify for exemption, and thereafter the praperty is liable to taxation.

£31060-288~329(2,3,4),3904 1N6Go3Lo11; B.C. Reg, 304/F7.

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