Exemption Regulation No. 3 (B.C. Reg. 391/2003). Country/Territory Canada Territorial subdivision British Columbia Document type Regulation Date 2003 Source FAO, FAOLEX Subject Water Keyword Non-governmental entity River basin institution Special fund Legal proceedings/administrative proceedings Enforcement/compliance Governance Geographical area Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic Abstract The present Regulation enacts the Columbia Basin Trust Act. The Regulation lays down provisions relating to exemption of taxes for lands and improvements. In particular, section 1 establishes that lands and improvements are exempt from all taxes described under section 31 (3) of the Columbia Basin Trust Act for the 2004 and subsequent taxation years if included in a facility constructed in whole or in part by or on behalf of: a) Columbia Power Corporation, and b) CBT Brilliant Expansion Power Corp. Full text English Website www.qp.gov.bc.ca References - Legislation Implements Columbia Basin Trust Act ([RSBC 1996] Chapter 53). Legislation | Canada | 1995 Keyword: Non-governmental entity, River basin institution, Special fund, Legal proceedings/administrative proceedings, Governance Source: FAO, FAOLEX