Finance (Local Property Tax) Act 2012
Local adjustment factor.
19.— In section 20—
F60[(a) the following are referred to as the "basic rate":
(i) each of the rates represented by—
(I) "C" in the formulae in subsections (4), (5) and (6) of section 17,
(II) "E" in the formulae in subsections (5) and (6) of section 17, and
(III) "G" in the formula in subsection (6) of section 17;
(ii) each amount of local property tax referred to in subsection (2) and (3) of section 17, and]
(b) the percentage specified in a resolution under section 20 as the percentage by which the basic rate should stand varied is referred to as the “local adjustment factor”.
Substituted (22.07.2021) by Finance (Local Property Tax) (Amendment) Act 2021 (31/2021), s. 25, commenced on enactment. This amendment applies only in respect of the year 2022 and each subsequent year as provided by 31/2021, s. 3(d).
Previous affecting provision: para. (a) substituted (13.03.2013) by Finance (Local Property Tax) (Amendment) Act 2013 (4/2013), s. 5(g), commenced on enactment; substituted as per F-note above.