Bill 29 introduces amendments to the
Municipal Government Act to include machinery and equipment property as eligible for property tax incentives
On November 27, 2019, the Government of Alberta introduced Bill 29: Municipal Government (Machinery and Equipment Tax Incentives) Amendment Act
. Bill 29 amends section 364.2 of the Municipal Government Act
(MGA) to expand the ability of municipalities to apply multi-year property tax incentives to machinery and equipment properties.
Previously, amendments made to the MGA in June 2019 under Bill 7: Municipal Government (Property Tax Incentives) Amendment Act
enabled municipalities to apply property tax incentives on non-residential property but did not include machinery and equipment property. This amendment does not change any other details of the property tax incentive regime created under Bill 7.
To view the Government of Alberta press release on Bill 29, click here
The RMA is interested in understanding how Bill 7 is being utilized by members. If you have implemented property tax incentives in this regard, please contact Wyatt Skovron at wyatt@RMAlberta.com
For more information on the initial tax incentive regime introduced through Bill 7, view this RMA bulletin from June 2019
For enquiries, please contact:
Wyatt Skovron Senior Policy Advisor wyatt@RMAlberta.com
Tasha Blumenthal Director of External Relations & Advocacy tasha@RMAlberta.com