Land Tax Amendment Act 2000

Link to law: http://www.bermudalaws.bm/Laws/Annual%20Laws/2000/Acts/Land%20Tax%20Amendment%20Act%202000%20.pdf

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Land Tax Amendment Act 2000
LAND TAX AMENDMENT ACT 2000

1

BERMUDA
2000 : 11

LAND TAX AMENDMENT ACT 2000

[Date of Assent 29 March 2000]

[Operative Date 1 July 2000]

WHEREAS it is expedient to amend the Land Tax Act 1967:

Be it enacted by The Queen's Most Excellent Majesty, by and
with the advice and consent of the Senate and the House of Assembly of
Bermuda, and by the authority of the same, as follows:

Citation and commencement
1 This Act which amends the Land Tax Act 1967 (hereinafter
referred to as "the principal Act") may be cited as the Land Tax
Amendment Act 2000 and shall come into operation on 1 July 2000.

Amends section 2 of principal Act
2 Section 2 of the principal Act is amended in paragraph (b) by
deleting the figure "6%" and substituting the figure "5½%".

Amends section 3A of principal Act
3 Section 3A of the principal Act is amended—

(a) in subsection (4)(b) by deleting the figure "$30,000" and
substituting the figure "$40,000"; and

LAND TAX AMENDMENT ACT 2000

2

(b) in subsection (4)(c) by deleting the words "forty per
centum" and substituting the words "sixty per centum".

Amends section 3B of principal Act
4 Section 3B of the principal Act is amended in subsection (4)(b),
by deleting the figure "40%" and substituting the figure "60%".

Repeals and replaces Schedule to principal Act
5 The Schedule to the principal Act is repealed and replaced by the
following—

"SCHEDULE (section 2(a))

LAND TAX ON PRIVATE DWELLINGS

ANNUAL RENTAL
VALUE BAND

$ RATE OF TAX %

1 0 - 9,000 1.50

2 9,001 - 18,000 3.00

3 18,001 - 27,000 6.00

4 27,001 - 36,000 13.00

5 36,001 or over 20.00".