Definitions

1   In this regulation:

"Act" means the Assessment Act;

"fiscal year" means a period beginning on June 1 in one year and ending on May 31 in the next year;

"ski hill operator" means the owner or occupier of a designated ski hill property.

Interpretation of Schedule

2   In the Schedule,

(a) an assessment roll number set out in Column 1 is the number on an assessment roll prepared by the assessment authority for the taxation year set out opposite in Column 2, and

(b) the ski hill names are listed for ease of reference only and do not affect the designation by assessment roll number.

Designated ski hill property

3   The land identified by the assessment roll numbers listed in Column 1 of the Schedule, and the improvements on that land, are designated as ski hill property for the purposes of section 20.2 [special valuation rules for designated ski hill property] of the Act.

Actual value of designated ski hill property

4   The actual value of a designated ski hill property for a taxation year is the amount determined by the following formula:

Stabilized gross lift revenue

5   (1) In relation to a designated ski hill property, the stabilized gross lift revenue for a taxation year is the average of the amounts that are the gross lift revenue of the ski hill operator from that designated ski hill property for 3 of the 5 previous fiscal years ending before the taxation year, excluding the lowest and the highest gross lift revenue amounts of the 5 previous fiscal years.

(2) For the purposes of determining a ski hill operator's gross lift revenue from a designated ski hill property for a fiscal year ending before the designated ski hill property was designated under section 3, the gross lift revenue for the fiscal year is determined in accordance with section 6 as if the designated ski hill property for that fiscal year was the land and improvements that would have been eligible property in that fiscal year.

Gross lift revenue

6   (1) Subject to subsection (3), a ski hill operator's gross lift revenue from a designated ski hill property for a fiscal year is the total revenue received in the fiscal year by the ski hill operator for the following:

(a) granting the right to use or occupy a part of the designated ski hill property used for recreational activities other than golf activities;

(b) providing recreational activities other than golf activities.

(2) Without limiting subsection (1), a ski hill operator's gross lift revenue from a designated ski hill property for a fiscal year includes the following:

(a) revenue from ticket sales, admission fees, passes, membership fees and other fees for recreational activities;

(b) proceeds from business interruption insurance if those proceeds relate to the interruption of the ski hill operator's ability to earn revenue referred to in paragraph (a);

(c) rent or other revenue from facilities on the designated ski hill property.

(3) A ski hill operator's gross lift revenue from a designated ski hill property for a fiscal year does not include the following:

(a) gains arising from the disposition of capital assets;

(b) proceeds of insurance other than business interruption insurance;

(c) taxes collected by the operator;

(d) revenue from lessons, equipment repairs and rentals, food and beverage sales, retail sales or daycare services;

(e) revenue from restaurant, cafeteria or banquet facilities.

Conversion factor

7   For the purposes of section 4, the conversion factor is the amount determined by the following formula:

[am. B.C. Regs. 191/2014, s. 1; 245/2014; 211/2019, s. 1; 270/2021, s. 1; 262/2024, s. 1.]

Actual value of land and improvements

8   For the purposes of entry on the assessment roll, the actual value of land and improvements that are designated as ski hill property is as follows:

(a) the actual value of the land is 30% of the actual value of the designated ski hill property;

(b) the actual value of the improvements is 70% of the actual value of the designated ski hill property.

Reporting of gross lift revenue

9   On or before September 1 of each year, the ski hill operator for a designated ski hill property must report to the assessment authority the ski hill operator's gross lift revenue for the designated ski hill property for the previous fiscal year.

[en. B.C. Reg. 291/2007, s. 3.]