Examples of Revitalization Tax Exemption in a sentence
Council of the City of Kamloops may cancel this Revitalization Tax Exemption Certificate in accordance with the Agreement.
The property’s assessed value of improvements must not be reduced below the amount assessed in the calendar year prior to construction or alteration as a result of the Revitalization Tax Exemption.
The Revitalization Tax Exemption Bylaw in effect at the time of Building Permit application will be the current bylaw.8. Parcels for which a written notice has been filed in the land title office pursuant to Section 976(1) of the Local Government Act and amendments thereto will not be considered for a Tax Exemption under this Bylaw.
The Property’s assessed value of improvements must not be reduced below the amount assessed in the calendar year prior to construction or alteration, as a result of the Revitalization Tax Exemption.
A Revitalization Tax Exemption Certificate issued for Eligible Improvements is subject to the requirement that all of the conditions set out in the Revitalization Tax Exemption Agreement continue to be met during the Term established in Section 9 of this Bylaw.
Council may cancel a Revitalization Tax Exemption Certificate if any one or more of the conditions or requirements set out in the Revitalization Tax Exemption Agreement are breached, and the cancellation will be effective as of the date of the breach.
If the Revitalization Tax Exemption Certificate is issued on or before October 31, the tax exemption takes effect in the following Calendar Year.
If the Revitalization Tax Exemption Certificate is cancelled during a year in which the Owner of Eligible Improvements has received an exemption from municipal taxes, a Recapture Amount representing the amount of the Revitalization Tax Exemption granted to the Owner from the date of the breach of the condition or requirement, as applicable, is payable to the Town by the Owner.
Projects for which an exemption has been applied for or received under the City of Prince George Downtown Revitalization Tax Exemption Bylaw.
Once all conditions and requirements prescribed in this Bylaw and the Agreement as prerequisites for the issuance of a Revitalization Tax Exemption Certificate have been met, the Town’s Director of Finance and Corporate Services must issue a Revitalization Tax Exemption Certificate for the property that is the subject of the Agreement.