The following electronic version is for
informational purposes only.
The printed version remains the official version.
BUDGET 97: REPORTS
Ministry of Finance and Corporate Relations
Province of British Columbia
|PROVINCIAL SALES TAX|
| Exemptions for the following items:||
|FUEL TAX||Tax exemption for alternate fuels 1||22|
|SCHOOL AND RURAL AREA PROPERTY TAXATION 2||Exemption for property designated for pollution abatement||8|
|1||Consistent with a sunset clause introduced when these exemptions were extended for 5 years in 1992, the provincial sales tax will apply to sales of propane used in motor vehicles, effective June 1, 1997. This will reduce the cost of the tax expenditure to about $16-18 million in 1997/98.|
|2||Estimates are for the 1996 calendar year and include only school and rural area property taxes levied by the province.|
If you have questions or comments about content please contact: Communications