REQUEST FOR DECISION
DATE: September 14, 2022 Report No. FIN-22-013
TO: Laurie Hurst, Chief Administrative Officer
FROM: Ian Irvine, Director of Financial Services
SUBJECT:
Title
2023 Permissive Tax Exemptions
End
RECOMMENDATION:
Recommendation
That Council give first, second and third readings to Tax Exemption (Non-Profit Organizations) Bylaw, 2022, No. 3086 as attached to Staff Report FIN-22-013.
Body
RELEVANT POLICY:
Council Policy FIN-16 Permissive Tax Exemptions
Community Charter S.224
STRATEGIC RELEVANCE:
This decision does not directly relate to a specific strategic initiative
BACKGROUND:
Section 224 of the Community Charter gives Council the authority to grant permissive exemptions from property taxes for a period of up to 10 years. Council must adopt a bylaw and, prior to its adoption, ensure notification of the proposed exemptions is posted on the public notice board and advertised during two consecutive weeks in a publication circulating within the municipality.
At meetings held on August 29, 2022 and September 2, 2022, the Local Grant Committee made recommendations relating to 2023 permissive tax exemptions and these have been incorporated into the bylaw attached to this staff report. Additionally, public notice of the intent to adopt the bylaw will be published in the Victoria News. A copy of this year's public notice is attached for your information. Once adopted, the bylaw must be provided to BC Assessment in advance of its October 31, 2022 deadline.
Prior to this year, Council approved permissive tax exemptions applicable for the 2023 taxation year. The following organizations have already been approved for a partial or full exemption for the 2023 taxation year and were not required to submit an application this year.
City of Victoria
Esquimalt Anglers Association
Esquimalt Neighbourhood House Society
Habitat Acquisition Trust
Island Corridor Foundation
WITS Program Foundation
PEERS Victoria Resource Society
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