Council approves taxation for mill in Powell River

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City of Powell River has adopted a revitalization tax exemption bylaw that will fix Catalyst Paper Corporation’s annual property tax bill at $3.2 million for the next three years.

At a special meeting of city council on October 23, councillors voted unanimously in favour of the revitalization tax exemption bylaw, which raises the mill’s assessment by $150,000 per year over the previous revitalization tax exemption bylaw.

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Source: Powell River Peak

 

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