‘Disgusting’: Plan to slash B.C. pipelines’ taxable value could hit local revenues
VICTORIA — British Columbia Finance Minister Brenda Bailey said she would look into a plan by BC Assessment that would cut the taxable value of pipelines and other projects in a move that has angered some local officials who fear a funding shortfall.
Director David Laird of the Thompson-Nicola Regional District in southwestern B.C. says it was “disgusting” that the assessment agency hadn’t previously told British Columbians about the strategy that would slash the taxable value of pipelines by $300 million, or more than a quarter, in that district alone.
Bailey said in a statement that she would be looking at the proposal in November.
“I know communities are worried about these proposed changes,” she said in a statement on Friday, adding that the proposal comes after 10 years of evaluation.


