Sia)

Sah Pia cbse a

Aenea esti ye!
x

od

of Port Coquitlam
MEMORANDUM

B. Kirk
City Administrator

FIG Committee

Tax exemption - firms in the pollution control business
FIG Meeting - June 25, 1992

RECOMMENDATION:

‘That Council forward the following resolution to the UBCM for consideration at the
UBCM< conference this fall:

That section 398 ( 1)(q)(1) of the Municipal Act be amended by adding the following
sentence "That qualifying property under this section must not be operated for profit
or gain and must be owned by a charitable or philanthropic organization supported
in whole or in part by public funds."

BACKGROUND & COMMENTS:

Section 398 (1)(q)(i) currently gives automatic tax relief to properties "used for the
purpose of abating pollution by controlling waste substances" and continues on to qualify
that if a commercial or useful product is produced that the property would remain taxable.
Assessment appeal rulings have determined that if the primary purpose of the pliant is to
recycle then the plant shall receive exemption under this section as the product produced
is secondary to the main purpose of the plant which is to reduce pollution.

committee feels that these companies
r company which is in business to make.

| J. Maitland, City Treasurer -
, Hh, puty Administrator

JM/ms