By Charles Lefebvre

MGA changes proposed

Province tables bill to allow municipalities to provide tax breaks

Jun 4, 2019 | 3:24 PM

EDMONTON, AB — The provincial government is introducing amendments to the Municipal Government Act with the goal of helping municipalities attract investment and development.

Bill 7, the Municipal Government Amendment Act was tabled Tuesday afternoon, and features several amendments to the current act.

Among the items in the amendments, municipalities will be able to create bylaws to provide multi-year property tax incentives to encourage redevelopment of brownfield properties. The incentives can be put in place for up to 15 years.

It will require municipalities to create their own bylaws for the properties, but are able to table it to their needs, depending on the industry and development they want to attract.

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Earlier this year, Medicine Hat passed their own Brownfield Tax Incentive to help spur development on two vacant properties in the city.

Brownfield properties are sites which have possible contamination, are vacant, derelict or under-utilized and are suitable for development or redevelopment for the general benefit of the municipality, according to the Alberta Urban Municipalities Association.

(CHAT News Today)