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Volume 51, No. 13

B.C. Reg. 208/2008

The British Columbia Gazette,

Part II

July 1, 2008

B.C. Reg. 208/2008 , deposited June 27, 2008, pursuant to the SMALL BUSINESS AND REVENUE STATUTES AMENDMENT ACT , 2008 [Section 27] and the ASSESSMENT ACT [Sections 19, 20.4 and 74]. Order in Council 541/2008, approved and ordered June 26, 2008.

On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders the following:

Section 1 of the Small Business and Revenue Statutes Amendment Act, 2008 , S.B.C. 2008, c. 11, is brought into force.

Section 2 (a), insofar as it adds the definition of "eligible supportive housing property", of the Small Business and Revenue Statutes Amendment Act, 2008 , S.B.C. 2008, c. 11, is brought into force.

3 Sections 2 (d), 3 and 4 of the Small Business and Revenue Statutes Amendment Act, 2008 , S.B.C. 2008, c. 11, are brought into force.

4 The Exempt Interests Regulation, B.C. Reg. 302/90, is amended as set out in

Schedule 1.

5 The Prescribed Classes of Property Regulation, B.C. Reg. 438/81, is amended as set out in

Schedule 2.

6 The Supportive Housing Property Valuation Regulation set out in

Schedule 3 is made.

— R. THORPE, Minister of Small Business and Revenue and Minister Responsible for Deregulation; G. CAMPBELL, Presiding Member of the Executive Council.

Schedule 1

Section 2 of the Exempt Interests Regulation, B.C. Reg. 302/90, is amended by adding the following paragraph:

(

j) the interest of a person in property that is included in the supportive housing property class if the person is a resident in supportive housing on that property.

Schedule 2

1 The Prescribed Classes of Property Regulation, B.C. Reg. 438/81, is amended by adding the following section:

Class 3 — supportive housing

3.1 Class 3 property must include only the eligible supportive housing property designated in

Schedule B.

2 The following

Schedule is added:

Schedule B

[section 3.1]

Designated eligible supportive housing property

1 For the purposes of

section 19 (14.01) of the Assessment Act , the eligible supportive housing property identified by the assessment roll numbers listed in column 1 of the following table are designated:

Item

Column 1

Assessment Roll Number

01-234-01006019

01-234-01018088

01-234-01018095

01-234-01018102

01-234-01018109

01-234-01018116

01-234-01018124

01-234-01018132

01-234-01020002

01-234-01020018

01-234-07492107

01-234-10746022

01-308-704242010

04-765-03009000

04-250-85908010

04-250-86080100

04-250-89539100

06-336-02295500

08-570-00179220

09-200-002642041070000

09-200-027118609060000

09-200-013589192590000

09-200-014648234580000

09-200-013579194070000

09-200-026590172700000

09-200-026589186020000

09-200-013230650950000

09-200-026590186070000

09-200-013689199830000

09-200-026590186830000

09-200-027607119550000

09-200-013644171070000

09-200-014259580940000

09-200-013590198930000

09-200-013580198620000

09-200-027607118980000

09-200-029130612710000

09-200-013689194450000

09-200-013590196390000

09-200-013590196940000

09-200-013589196120000

10-220-00385000

10-220-02677000

10-301-553555380000

14-326-6171040186

14-326-6333050064

15-216-001430000

15-432-650020500

17-222-05121100

19-214-078779

19-217-05476408

19-217-06773850

20-233-01365000

20-233-01399000

20-233-03596000

21-219-00660100

21-219-02242100

22-205-09088020

22-209-03361005

22-215-03326019

23-212-1008914020

23-212-2000359070

23-212-3000579000

25-339-02517000

26-226-0000459000

26-226-0004208000

27-420-09250000

Schedule 3

SUPPORTIVE HOUSING PROPERTY VALUATION REGULATION

Reduction in actual value for supportive housing property

1 For the purposes of

section 20.4 (1) of the Assessment Act , the amount established for a property is the amount that is equal to the actual value otherwise determined under the Assessment Act for the property less $2.

Actual value of land and improvements

2 For the purposes of entry on the assessment roll, the actual value of land and improvements that are designated as supportive housing property is as follows:

(

a) the actual value of the land is 50% of the actual value of the designated supportive housing property;

(

b) the actual value of the improvements is 50% of the actual value of the designated supportive housing property.

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