NEWFOUNDLAND AND LABRADOR
REGULATION 108/18

Forest Land Management and Taxation Regulations (Amendment)
under the
Forestry Act
(O.C. 2018 - 254)

(Filed December 6, 2018)

Under the authority of section 76 of the Forestry Act, the Lieutenant-Governor in Council makes the following regulations.

Dated at St. John's, December 5, 2018.

Ann Marie Hann
Clerk of the Executive Council

REGULATIONS

Analysis

        1.   S.2 Amdt.
Definitions

        2.   S.10 R&S
Managed land tax

NLR 961/96
as amended

        1. (1) Paragraphs 2(b) and (c) of the Forest Land Management and Taxation Regulations are repealed and the following substituted:

             (b)  "annual tax rate" means the rate calculated and set annually by the minister in accordance with section 63.1 of the Act;

             (c)  "fair market value" means an amount calculated and set annually by the minister in accordance with section 63.2 of the Act;

             (2)  Paragraphs 2(e) and (g) of the regulations are repealed.

 

        2. Section 10 of the regulations is repealed and the following substituted:

Managed land tax

      10. If a parcel or part of a parcel is managed land, the managed land tax shall be calculated by multiplying the total area of the parcel, or part of it, exclusive of waterbodies greater than 2 hectares, by the annual tax rate.

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