Third Session, Thirty-Ninth Legislature
This version is based on the printed bill that was distributed in the Legislature after First Reading. It is not the official version. If accuracy is critical, you can obtain a copy of the printed bill from Statutory Publications or view the online bilingual version (PDF).
Bill 4
THE COMMUNITY REVITALIZATION TAX INCREMENT FINANCING ACT
Section |
Table of Contents |
| INTRODUCTORY PROVISIONS | |
| 1 | Definitions |
| 2 | Definitions in Municipal Assessment Act and City of Winnipeg Charter apply |
| 3 | Application of other Acts |
| DESIGNATING COMMUNITY REVITALIZATION PROPERTIES | |
| 4(1) | Designation |
| (2) | Designation of properties in close proximity |
| (3) | Consultations |
| 5(1) | Designation period |
| (2) | Renewal |
| (3) | Revocation |
| 6 | Municipality and school board to be notified |
| ASSESSMENT | |
| 7 | Amending the assessment roll |
| 8(1) | Determining pre-designation assessed value |
| (2) | Changes to pre-designation assessed value |
| (3) | Change to pre-designation assessed value for general assessment |
| 9(1) | Determining incremental assessed value |
| (2) | Incremental assessed value of property in close proximity |
| 10 | Exemption re school taxes |
| COMMUNITY REVITALIZATION LEVY | |
| 11(1) | Community revitalization levy |
| (2) | Levy in lieu of school taxes otherwise payable |
| (3) | Levy rate |
| (4) | Levy collection and priority |
| 12(1) | Liability to pay levy |
| (2) | Joint liability |
| 13 | Levy amount remitted to the province |
| 14 | Municipality's calculation of school taxes |
| COMMUNITY REVITALIZATION FUND | |
| 15(1) | Fund established |
| (2) | Purpose of fund |
| (3) | Control and supervision of fund |
| (4) | Credits to fund |
| (5) | Investment of excess money |
| (6) | Payments from fund |
| (7) | Use of grants |
| (8) | Audit |
| (9) | Reporting |
| REGULATIONS | |
| 16(1) | Regulations |
| (2) | Retroactive effect |
| CONSEQUENTIAL AMENDMENTS | |
| 17 | Consequential amendment, C.C.S.M. c. M225 |
| (4.1) | Assessed value re community revitalization property |
| 18(1) | Consequential amendments, C.C.S.M. c. M226 |
| (2) | |
| (3) | |
| (6.1) | Community revitalization property breakdown |
| (4) | |
| (3) | Community revitalization property |
| (5) | |
| (8) | Revising the assessed value of a community revitalization property |
| (6) | |
| (3) | Revising the assessed value of a community revitalization property |
| 19 | Consequential amendment, S.M. 2002, c. 39 |
| (2) | Assessed value re community revitalization property |
| C.C.S.M. REFERENCE AND COMING INTO FORCE | |
| 20 | C.C.S.M. reference |
| 21 | Coming into force |