of Bill :
Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:
1 Paragraph 4(1)(a) of the Assessment Act, chapter A-14 of the Revised Statutes, 1973, is amended by striking out "that portion of other real property owned by a church or religious order" and substituting "that portion of other real property owned by a religious organization prescribed by regulation, a church or a religious order".
2 Section 40 of the Act is amended
(a) in subsection (1) by adding after paragraph (e.31) the following:
(e.32) prescribing religious organizations for the purposes of paragraph 4(1)(a);
(b) by adding after subsection (1.22) the following:
40(1.23) A regulation made under paragraph (1)(e.32) for the purposes of the year 2004 may be retroactive in its operation to January 1, 2004.
3 This Act shall be deemed to have come into force on January 1, 2004.
The existing provision reads as follows:
4(1) All real property in New Brunswick is liable to assessment and taxation, subject to the following exemptions from taxation:
(a) real property owned by a church for use as a residence for priests, ministers, rabbis or commissioners and staff officers of the Salvation Army and that portion of other real property owned by a church or religious order and used solely for religious, educational or charitable purposes, including burying grounds and church halls from which only revenue for church purposes is derived;
(a) Regulation-making authority is added. The amendment is consequential on the amendment made in section 1 of this amending Act.
(b) New provision.