1992 Legislative Session: 1st Session, 35th Parliament
THIRD READING


The following electronic version is for informational purposes only.
The printed version remains the official version.


Certified correct as passed Third Reading on the 2nd day of June, 1992
Ian D. Izard, Law Clerk.


MINISTER OF FINANCE AND
CORPORATE RELATIONS

BILL 7 -- 1992
HOME OWNER GRANT AMENDMENT ACT, 1992

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1 Section 2 (2.1) of the Home Owner Grant Act, S.B.C. 1980, c. 18, is repealed.

2 Sections 3, 3.1 and 3.2 are each amended

(a) by repealing subsections (3.1) and (4.1), and

(b) in subsection (5) by striking out "and the supplementary grant under subsection (3.1)".

3 Schedules 1 and 2 are repealed and the following substituted:

SCHEDULE 1

Current Year Taxes

Amount of Grant

$800 or more

$450

Less than $800

Current year taxes minus $350

 

SCHEDULE 2

Current Year Taxes

Amount of Grant

$820 or more

$720

Less than $820

Current year taxes minus $100

Commencement

4 This Act shall be deemed to have come into force on January 1, 1992 and is retroactive to the extent necessary to give it effect on and after that date.


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