2012 BILL 34

	34


First Session, 47th General Assembly 61 Elizabeth II, 2012
BILL 34
AN ACT TO AMEND THE ASSESSMENT ACT, 2006
Received and Read the First Time...................................................................................................
Second Reading.................................................................................................................................
Committee............................................................................................................................................
Third Reading.....................................................................................................................................
Royal Assent......................................................................................................................................
HONOURABLE KEVIN O'BRIEN Minister of Municipal Affairs
Ordered to be printed by the Honourable House of Assembly

EXPLANATORY NOTES

This Bill would amend the Assessment Act, 2006. The Bill would

· clarify a provision respecting the assessment of real property as it relates to special purpose property; and

· add a provision which would authorize the Lieutenant-Governor in Council to make regulations respecting real property which is identified or classified as special purpose property.

A BILL

AN ACT TO AMEND THE ASSESSMENT ACT, 2006

Analysis

1. S.17 Amdt.
Assessment of real property

2. S.18 Amdt.
Special purpose property

3. S.45.1 Added
Regulations

4. Commencement

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

SNL2006 cA-18.1

1. Section 17 of the Assessment Act, 2006 is amended by adding immediately after subsection (4) the following:

(5) Except as provided in subsection 18(3), this section does not apply to special purpose property.

2. Paragraph 18(1)(b) of the Act is repealed and the following substituted:

(b) "special purpose property" means real property which is identified or classified as special purpose property in the regulations.

3. The Act is amended by adding immediately after section 45 the following:

Regulations

45.1 The Lieutenant-Governor in Council may make regulations

(a) respecting real property which, individually or collectively, shall be identified or classified as special purpose property for the purpose of section 18; and

(b) generally, to give effect to the purpose of this Act.

Commencement

4. This Act shall come into force on September 1, 2012.