Whereas the Tourist Accommodation Assessment Relief Act provides preferential assessment relief to certain Class 6 tourist accommodation properties, resulting in reduced assessed values for taxation purposes and corresponding shifts in the property tax burden to other property classes within municipalities and regional districts; And whereas changes in the tourism, housing, and short-term rental landscape since the Acts introduction, together with past UBCM advocacy and subsequent legislative amendments, warrant renewed examination of the Acts ongoing relevance, impacts, and alignment with contemporary local and provincial government objectives, including tax equity, revenue stability, and housing affordability: Therefore be it resolved that UBCM undertake further research into the regional impacts of the Tourism Accommodation Assessment Relief Act, including its interaction with property classification regulations, and report its findings to the membership for consideration of future advocacy to the Province, including potential reform or repeal of the Act.
