WHAT ARE THE STEPS IN LEVYING FN PROPERTY TAX?
Whether exercising taxation under the FSMA or s.83 jurisdiction, there are five stages to exercising tax jurisdiction: i.) Decision to TaxIn making the decision to exercise real property taxation, a Chief and Council of at First Nation has considered how much revenue will likely be generated, the estimated costs of implementation and administration, and under which legal authority it wishes to exercise jurisdiction. For FSMA taxation, the Council must make a request to the Governor in Council (GIC) to be added to the FSMA schedule (The FNTC has sample Band Council Resolutions for making requests to be added to the FSMA schedule). ii.) Development of Tax Jurisdiction The First Nation develops and prepares taxation bylaw under section 83 or a local revenue law under the FSMA. The First Nation should consult with the FNTC to determine the various requirements or may use models available on the FNTC website.
Whether exercising taxation under the FSMA or s.83 jurisdiction, there are five stages to exercising tax jurisdiction: i.) Decision to Tax In making the decision to exercise real property taxation, a Chief and Council of at First Nation has considered how much revenue will likely be generated, the estimated costs of implementation and administration, and under which legal authority it wishes to exercise jurisdiction. For FSMA taxation, the Council must make a request to the Governor in Council (GIC) to be added to the FSMA schedule (The FNTC has sample Band Council Resolutions for making requests to be added to the FSMA schedule).
