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Allow commercial, industrial vacant property tax, UBCM urges

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Tax needed to encourage building and business growth, New Westminster councillor says.

B.C.’s provincial government should allow municipalities to tax vacant properties in order to encourage development, Union of BC Municipalities delegates voted Sept. 21.

Residential tax The B.C. government in December said it was expanding its speculation and vacancy tax to smaller municipalities, including North Cowichan, Duncan, Ladysmith, Lake Cowichan, Lions Bay and Squamish. Previous UBCM work The resolution committee noted that the UBCM executive considered a 2019 resolution that asked for local government authority to impose a vacancy tax on both residential and commercial properties.

 

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