BILL 7

An Act to Amend the Real Property Tax Act

Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:

1 Subsection 4(2) of the Real Property Tax Act, chapter R-2 of the Revised Statutes, 1973, is amended by striking out “or any subsequent year”.

2 Section 5 of the Act is amended

(a)  in subsection (1) in the portion preceding paragraph (a) by striking out “subsection (4)” and substituting “subsections (1.01) and (4)”;

(b)  by adding after subsection (1) the following:

5(1.01) For the year 2011 and every subsequent year, the rates of tax to be used in subsection (1) are:

(a)  $1.4573 on each one hundred dollars valuation of real property being residential property; and

(b)  $2.1860 on each one hundred dollars valuation of real property being non-residential property.

(c)  in subsection (2.01) by striking out “subsection (2.1)” and substituting “subsections (2.02) and (2.1)”;

(d)  by adding after subsection (2.01) the following:

5(2.02) For the year 2011 and every subsequent year, the rate of tax to be used in subsection (2.01) is $0.0194 on each one hundred dollars valuation of real property being residential property or non-residential property.

(e)  in paragraph (4.1)(c) by striking out “subsections (4.2) to (4.4)” and substituting “subsections (4.11) to (4.4)”;

(f)  by adding after subsection (4.1) the following:

5(4.11) For the year 2011 and every subsequent year, the rate of tax to be used in paragraph (4.1)(c) is $0.6315 on each one hundred dollars valuation in respect of real property referred to in subsection (4) that are in those areas of the Province not being within a municipality.

(g)  in subsection (4.5) by striking out “or any subsequent year”;

(h)  by repealing subsection (4.6).

3 Subsection 5.01(2) of the Act is amended by striking out “or any subsequent year”.

CONSEQUENTIAL AMENDMENTS

Business Improvement Areas Act

4 Subsection 3(2.1) of the Business Improvement Areas Act, chapter B-10.2 of the Acts of New Brunswick, 1985, is amended by striking out “or any subsequent year”.

Edmundston Act, 1998

5 Subsection 32(4.1) of the Edmundston Act, 1998, chapter E-1.111 of the Acts of New Brunswick, 1998, is amended by striking out “or any subsequent year”.

Municipalities Act

6(1) Subsection 19(9.01) of the Municipalities Act, chapter M-22 of the Revised Statutes, 1973, is amended by striking out “or any subsequent year”.

6(2) Subsection 27.01(3) of the Act is amended by striking out “or any subsequent year”.

6(3) Subsection 87(2.001) of the Act is amended by striking out “or any subsequent year”.

6(4) Subsection 190.081(2.1) of the Act is amended by striking out “or any subsequent year”.

6(5) Subsection 190.082(6) of the Act is amended by striking out “or any subsequent year”.

Regulation under The Residential Tenancies Act

7 Section 9.1 of New Brunswick Regulation 82-218 under The Residential Tenancies Act is amended

(a)  in subsection (1) by striking out “subsections (2) and (3)” and substituting “subsections (2) and (2.1)”;

(b)  in subsection (2) by striking out “or any subsequent year”;

(c)  by adding after subsection (2) the following:

9.1(2.1) For the year 2011 and every subsequent year, the rate to be used in subsection (1) is 0.0486%.

(d)  by repealing subsection (3).

Service New Brunswick Act

8 Subsection 15.1(2.1) of the Service New Brunswick Act, chapter S-6.2 of the Acts of New Brunswick, 1989, is amended by striking out “or any subsequent year”.