Mineral Land Tax Act -- MINERAL LAND TAX INTEREST RATE REGULATION

B.C. Reg. 330/83
O.C. 1432/83

Filed August 29, 1983
effective September 1, 1983

This archived regulation consolidation is current to August 5, 2005 and includes changes enacted and in force by that date. For the most current information, click here.

Mineral Land Tax Act

MINERAL LAND TAX INTEREST RATE REGULATION

[includes amendments up to B.C. Reg. 392/92]

Rate of interest

1 For the purposes of section 17 of the Mineral Land Tax Act, the rate of interest shall be

(a) during the period from September 1, 1983 until September 30, 1983, 1 1/2% above the prime lending rate of the principal banker to the Province on June 15, 1983, and

(b) during each successive 3 month period, beginning on October 1, January 1, April 1 and July 1 in every year, 3% above the prime lending rate of the principal banker to the Province on the 15th day of the month immediately preceding that 3 month period.

[am. B.C. Reg. 392/92.]

[Provisions of the Mineral Land Tax Act, R.S.B.C. 1996, c. 290, relevant to the enactment of this regulation: sections 17, 21 (2) (a)]