Acts and Regulations

2014, c.71 - An Act to Amend the Real Property Tax Act

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2014, c.71
An Act to Amend the
Real Property Tax Act
Assented to December 19, 2014
Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:
1Section 5 of the Real Property Tax Act, chapter R-2 of the Revised Statutes, 1973, is amended
(a) by repealing paragraph (1.04)(b) and substituting the following:
(b) $2.1860 on each $100 valuation of real property being non-residential property.
(b) by repealing subsection (1.06) and substituting the following:
5(1.06)For the year 2016 and every subsequent year, the rate of tax to be used in paragraph (1)(b) is $2.1860 on each $100 valuation of real property being non-residential property.
2This Act comes into force on January 1, 2015.