Acts and Regulations

2010-51 - Residential Property Tax Relief Act

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NEW BRUNSWICK
REGULATION 2010-51
under the
Residential Property Tax Relief Act
(O.C. 2010-156)
Filed March 26, 2010
1Section 6.1 of New Brunswick Regulation 84-191 under the Residential Property Tax Relief Act is amended
(a) in subsection (1) in the portion preceding paragraph (a) by striking out “for the year 1995 or any succeeding year” and substituting “for the years 1995 to 2009, inclusive,”;
(b) in subsection (2) by adding “and subsection (1)” after “subsection 6.1(1) of the Act”;
(c) by adding after subsection (2) the following:
6.1(2.1)If the total taxable income referred to in subsection 6.1(1) of the Act does not exceed $22,000 in the previous calendar year, the amount of the allowance to be applied under that subsection in respect of real property for the year 2010 or any succeeding year is the lesser of
(a) the total amount of the taxes in respect of the portion of that real property used as a residence which are imposed in the year for which the application for the allowance is made, and
(b) $300.
6.1(2.2)If the total taxable income referred to in subsection 6.1(1) of the Act exceeds $22,000 but does not exceed $25,000 in the previous calendar year, the amount of the allowance to be applied under that subsection in respect of real property for the year 2010 or any succeeding year is the lesser of
(a) the total amount of the taxes in respect of the portion of that real property used as a residence which are imposed in the year for which the application for the allowance is made, and
(b) $200.
6.1(2.3)If the total taxable income referred to in subsection 6.1(1) of the Act exceeds $25,000 but does not exceed $30,000 in the previous calendar year, the amount of the allowance to be applied under that subsection in respect of real property for the year 2010 or any succeeding year is the lesser of
(a) the total amount of the taxes in respect of the portion of that real property used as a residence which are imposed in the year for which the application for the allowance is made, and
(b) $100.
COMMENCEMENT
2This Regulation shall be deemed to have come into force on January 1, 2010.