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AR 258/2017 ALBERTA SOCIAL HOUSING COPORATION EXEMPTION REGULATION

(no amdt)

ALBERTA REGULATION 258/2017

Municipal Government Act

ALBERTA SOCIAL HOUSING CORPORATION
EXEMPTION REGULATION

Definition

1   In this Regulation, “Act” means the Municipal Government Act.

Tax exemption

2(1)  Property that is owned by the Alberta Social Housing Corporation is exempt from taxation under section 361(b) of the Act to the extent of 100% of its assessment.

(2)  The Community Organization Property Tax Exemption Regulation (AR 281/98) does not apply to the exemption from taxation described in subsection (1).

Application

3   This Regulation applies to taxation in 2018 and later years.