Land Tax Amendment Act 2001

Link to law: http://www.bermudalaws.bm/Laws/Annual%20Laws/2001/Acts/Land%20Tax%20Amendment%20Act%202001.pdf

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Land Tax Amendment Act 2001
LAND TAX AMENDMENT ACT 2001

1

BERMUDA
2001 : 5

LAND TAX AMENDMENT ACT 2001

[Date of Assent 19 March 2001]

[Operative Date 1 July 2001]

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 may be cited as the Land Tax Amendment Act 2001 and
shall come into operation on 1 July 2001.

Repeals and replaces Schedule to Land Tax Act 1967
2 The Schedule to the Land Tax Act 1967 is repealed and replaced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

LAND TAX AMENDMENT ACT 2001

2

3 18,001 - 27,000 6.00

4 27,001 - 36,000 13.00

5 36,001 - 90,000 20.00

6 90,001 + 30.00"