B.C. Reg. 74/2022, deposited March 29, 2022, under the BRITISH COLUMBIA TRANSIT ACT [section 15 (2)]. Regulation of the Victoria Regional Transit Commission, dated March 29, 2022.

The Victoria Regional Transit Commission orders that, effective March 31, 2022, the attached Victoria Regional Transit Commission Regulation No. 43-2022 is made.

— S. BRICE, Chair, Victoria Regional Transit Commission.

VICTORIA REGIONAL TRANSIT COMMISSION REGULATION No. 43-2022

Land and improvements

1 In this regulation, "land and improvements" does not include land and improvements that are taxable for school purposes only by special Act.

Prescribed tax

2 (1) For the purposes of section 15 (2) (b) of the British Columbia Transit Act, prescribed tax rates for the fiscal year starting on April 1, 2022 are

(a) $0.1616 per $1 000 of the net taxable value of land and improvements of property in classes 1, 3, 8 and 9, and

(b) $0.8726 per $1 000 of the net taxable value of land and improvements of property in classes 2, 4, 5, 6 and 7.

(2) The references to classes of property in subsection (1) are to the classes of property under the Prescribed Classes of Property Regulation.

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