Legislative Assembly of New Brunswick
Status of Legislation - First Reading Bill
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An Act to Amend the Assessment Act +

Legislature :
55
Session :
3
Bill No. :
55
Member :
Mr. Allaby
First Reading :
2006-4-26
Second Reading :
2006-4-27
Committee of the Whole :
Amended :
Third Reading :
Royal Assent :
Download PDF :
Bill 55

Text of Bill :
Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:



1                           Section 1 of the Assessment Act, chapter A-14 of the Revised Statutes, 1973, is amended by adding the following definition in alphabetical order:



"homestead" means an owner-occupied traditional family property and as further defined by regulation;



2                           The Act is amended by adding after section 7.2 the following:



Homestead Relief

7.3(1)             The Lieutenant-Governor in Council may make regulations



(a)               under section 1, respecting the definition "homestead"; and



(b)               prescribing a homestead assessment relief program, including guidelines, requirements, criteria, conditions, rates, administration and all related procedures.



7.3(2)             A regulation under subsection (1) shall be retroactive in its operation to January 1, 2005.



Commencement

3                           This Act or any provision of it comes into force on a day or days to be fixed by proclamation.

 

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