ATTENTION ALL UBCM MEMBERS

IMPORTANT

MOTION ON INDUSTRIAL TAXATION

Before the House adjourned the following motion was introduced by the Minister of Finance and Corporate Relations, the
Honourable Mel Couvelier, and was passed by the House:

Moved by Honourable Melville B. Couvelier

That this House authorize the Select Standing Committee on Finance, Crown Corporations and Government Services to
examine, inquire into and make recommendations on the matter of replacing industrial property taxes presently imposed
under the Municinal Act and the Taxation (Rural Areal Act with a single tax at a uniform rate, the proceeds of which would
be distributed to local government and, in particular, to consider:

the nature of industrial property to be inciuded in such a tax;

the basis for the assessment of such property;

the appropriate level of taxation; and,

the basis for distributing the proceeds of the indusirial property tax to local government,

and to report to the House as soon as possible, or following any adjournment, at the next following session, as the case may
be.

In addition to the powers previously conferred upon the said Comunittee by the House, the Committee shall have the following
additional powers, namely:

(a) to appoint of their number one or more sub-committees and to refer to such sub-committees any of the matters
referred to the Committee; and,

to sig
during any period in which the House ts adjourned, is proragued and during any sitting of the House; and,
to adjourn from place to place as may be convenient; and,

to retain consultants as required to advised the Committee generally, during its deliberations.

The Select Standing Committee on Finance, Crown Corporations and Government Services is composed of Mr. Bud Smith
(Chairman), Mr. J. Rabbitt (Secretary), Hon. M. Couvelier, Mr. C. D’Arcy, Mr. G. Hanson, Mr. J. Jansen, Mr. A. Ree, Mr.
D. Stupich, and theHon. E. Veitch.

UBCM IS SEEKING IMMEDIATE CLARIFICATION OF THIS MOTION.

ON THE SAME DAY THIS MOTION PASSED, THE LEGISLATURE PASSED NEW
INDUSTRIAL ASSESSMENT LEGISLATION - SEE OPPOSITE.

SL