TOC By-Law No. 2068 Tax Incentive — full text

This is an automated transcription (OCR) of the captured official document — minor recognition errors are possible; the source document governs. Snapshot a2345641a755 · verified 2026-06-09 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

BY-LAW NO. 23-2068 BEING a by-law to establish a financial assistance program to provide an incentive for new commercial/industrial construction. WHEREAS Section 261.2(1) of the Municipal Act, R.S.M. 1996 c. M225 authorizes the Council of a Municipality to establish by by-law, financial assistance programs; AND WHEREAS it is deemed desirable to establish a financial assistance program to provide a financial incentive for new commercial/industrial construction in the Town of Carman; NOW THEREFORE the Council of the Town of Carman enacts as follow: 1. In this by-law: - a) BASE YEAR means the year in which the qualifying building is occupied and assessed for taxes, also known as "supplemental assessment". - b) COMMERCIAL BUILDING means a property or building whose portioned assessment is in a prescribed class of property assessed as commercial as per The Manitoba Municipal Assessment Act. - c) FINANCIALASSISTANCE means a tax rebate for general municipal taxes excluding local improvement and special service levy's, school and business taxes. - d) INDUSTRIAL BUILDING means a property or building whose portioned assessment is in a prescribed class of property assessed as industrial excluding those property's or buildings described as "oil, natural gas or salt production equipment", "Gas distribution system" and "railway roadway" as per The Manitoba Municipal Assessment Act. - e) GENERAL MUNICIPAL TAXES means the property taxes imposed for general municipal purposes by the municipality. - f) MUNICIPALITY means the Town of Carman. - g) OWNER means a person who is the registered owner under the Real Property Act of land on which a building is located, or the granted thereof of a valid Conveyance registered under the Registry Act, or an agent of either such owner. - h) PROPERTY means Property as described in the Manitoba Planning Act. 2. That a financial assistance program be established for commercial or industrial construction within the Town of Carman. Any new General Municipal Taxes which result from an increase in the assessed value of a property due to a substantial building addition or expansion of more than 25% or new construction of a commercial or industrial building will be eligible for a tax incentive. This program will provide tax relief for a period of three (3) years commencing in the Base Year. 3. The maximum financial assistance provided by the Municipality will be $15,000 per year. The maximum financial assistance in partial years shall be prorated on the number of months of taxes paid. All new business that would exceed the annual maximum financial assistance may be eligible for incentives at the discretion of the Council of the Town of Carman. 4. Subject to qualifications contained herein the following Commercial/Industrial Building Incentive Program be approved: - a) The incentive for three (3) years or thirty-six (36) months of the financial assistance program, shall be calculated to equal 100% of the general municipal taxes derived by applying the mill rate to year 1 supplementary building assessment. - b) If the property assessment is reduced then the financial assistance program shall be calculated to equal 100% of the general municipal taxes derived by applying the mill rate to the reduced building assessment. 5. All required permits, certificates, development agreements, zoning by-laws, design approval processes, and other authorizations must be obtained before the development project commences construction in order to be eligible for financial assistance. 6. Before the release of any tax incentive all outstanding real property taxes, utility charges or other property related amounts owing to the Town of Carman must be paid for the year the incentive is applicable and if not paid the incentive shall not be paid for the year and the Owner shall have no further claim to a rebate for that year. 7. That after the date of March 31st of the year following the taxes due if taxes are not paid the incentive shall expire for that year and the business will not receive the tax incentive. The year not paid loses the tax incentive and can not be carried forward.  DONE AND PASSED in the Town of Carman, Manitoba this 1gth day of December, 2023. lou Chees READ A FIRST TIME this 14th day of December, A.D. 2023 READ A SECOND TIME this 14th day of December, A.D. 2023 READ A THIRD TIME this 19th day of December, A.D. 2023.