Northern Rockies Regional Municipality

Proposed Industrial Revitalization Tax Exemption Program Bylaw

Print Version [PDF - 78 KB]

What is the Industrial Revitalization Tax Exemption Program?

Revitalization Tax Exemption (RTE) Programs and Bylaws are tools that local governments may use as an incentive to advance certain community goals.  

The Northern Rockies Industrial Revitalization Tax Exemption program is intended to encourage investment and attract new industrial development as a way to increase economic activity and diversify Fort Nelson and the region’s economy, and create permanent, local jobs. This is accomplished by relieving municipal property taxes payable on the revitalized value of a property on investments made within our community, which meet a standard set of criteria. 

What do we hope to accomplish?

Regional Council is implementing the RTE Program in response to the local economic downturn, growing unemployment and underutilization of industrial land, Regional Council has identified the following objectives of the Northern Rockies Industrial Revitalization Tax

Exemption Program:

  • stimulate and diversify the local economy;
  • generate permanent local jobs;
  • encourage development of industrial land
  • enhance and develop synergies in the local economy by encouraging complementary businesses; and
  • increase the Municipality’s overall tax base over the long term.

What type of property will qualify?

The program will be available by application to individuals or companies, who:

What does the tax exemption consist of?

Projects meeting the above three minimum criteria, and fulfilling the conditions outlined in the bylaw may be eligible for a revitalization tax exemption on municipal property taxes, at a rate of 100% of the revitalized value of the property in years 1 to 5, and at a sliding scale of 80%, 60%, 40%, 20%, and 10% in years 6 through 10. (The revitalized value refers to the difference in assessed value of the property pre- and post-construction.)

What has been done so far?

The NRRM Five Year Financial Plan has been amended to include Revitalization Tax Exemption Program objectives. See the Northern Rockies Regional Municipality Five Year Financial Plan Amendment (Revitalization Tax Exemption) Bylaw No. 160, 2018 adopted August 13, 2018.

Council reviewed the draft RTE Program Bylaw and made suggestions for further refinements of the Program:

  • That the Program initially be targeted specifically at industry
  • That eligibility be expanded to include all commercial areas, to capture commercial projects which may not fall within Fort Nelson’s downtown core (i.e. Toad River)
  • That the minimum investment level increase to $1,000,000

Regional Council reviewed and gave first three readings to the revised bylaw on August 27, 2018.

When will the RTE Program take effect?

Regional Council is intending to adopt the Industrial Revitalization Tax Exemption Bylaw at the September 24, 2018 regular Regional Council meeting.

Under Community Charter requirements, tax exemption certificates must be issued (meaning having the relevant bylaw in effect) prior to October 31st annually to provide for exemptions the following calendar year. 

Where can I find more information?

Those persons interested in viewing the proposed Bylaw may do so by visiting the Corporate Services Department, Municipal Hall, 5319 50th Ave South, Fort Nelson, BC between 8:30 a.m. and 4:30 p.m. Monday through Friday, or visiting NorthernRockies.ca.

You can also find more information at the following links:

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