Options for the Establishment of a Revitalization Tax Exemption Bylaw for the Kamloops AirportCommunity Planning Manager BentleyReport – Options for the Establishment of a Revitalization Tax Exemption Bylaw for the Kamloops Airport Recommendation: That the Committee of the Whole recommend that Council direct staff to: a) Option 1: bring back a revitalization tax exemption bylaw for the Kamloops Airport for Council’s consideration OR Option 2: not bring back a revitalization tax exemption bylaw for the Kamloops Airport for Council’s consideration b) If Option 1 in Item a) is recommended, that the Committee of the Whole provide direction: i) on whether or not to include commercial uses that could also be considered industrial ii) on whether or not to include a minimum new improvement value of $100,000 to be eligible iii) on the duration of the tax exemption with one of the following: • a 10-year duration period for a 100% tax exemption on the increased value of improvements • a five-year period duration period for a 100% tax exemption on the increased value of improvements • a stepped exemption period duration period with a 100% tax exemption on the increased value of improvements in the first five years, reduced to 20% in year nine, and no exemption in year
Options for the Establishment of a Revitalization Tax Exemption Bylaw for the Kamloops AirportCommunity Planning Manager BentleyReport – Options for the Establishment of a Revitalization Tax Exemption Bylaw for the Kamloops Airport Recommendation: That the Committee of the Whole recommend that Council direct staff to: a) Option 1: bring back a revitalization tax exemption bylaw for the Kamloops Airport for Council’s consideration OR Option 2: not bring back a revitalization tax exemption bylaw for the Kamloops Airport for Council’s consideration b) If Option 1 in Item a) is recommended, that the Committee of the Whole provide direction: i) on whether or not to include commercial uses that could also be considered industrial ii) on whether or not to include a minimum new improvement value of $100,000 to be eligible iii) on the duration of the tax exemption with one of the following: • a 10-year duration period for a 100% tax exemption on the increased value of improvements • a five-year period duration period for a 100% tax exemption on the increased value of improvements • a stepped exemption period duration period with a 100% tax exemption on the increased value of improvements in the first five years, reduced to 20% in year nine, and no exemption in year
Staff recommendation/action: That the Committee of the Whole recommend that Council direct staff to: a) Option 1: bring back a revitalization tax exemption bylaw for the Kamloops Airport for Council’s consideration OR Option 2: not bring back a revitalization tax exemption bylaw for the Kamloops Airport for Council’s consideration b) If Option 1 in Item a) is recommended, that the Committee of the Whole provide direction: i) on whether or not to include commercial uses that could also be considered industrial ii) on whether or not to include a minimum new improvement value of $100,000 to be eligible iii) on the duration of the tax exemption with one of the following: • a 10-year duration period for a 100% tax exemption on the increased value of improvements • a five-year period duration period for a 100% tax exemption on the increased value of improvements • a stepped exemption period duration period with a 100% tax exemption on the increased value of improvements in the first five years, reduced to 20% in year nine, and no exemption in year
Key details
- Agenda item
- 5.2
- Agenda section
- ADMINISTRATIVE REPORTS
- Council meeting
- 2026-04-28
- Matter lifecycle
- Pending
- Meeting appearances
- 1
Official City of Kamloops source ↗
Staff recommendation / action
That the Committee of the Whole recommend that Council direct staff to: a) Option 1: bring back a revitalization tax exemption bylaw for the Kamloops Airport for Council’s consideration OR Option 2: not bring back a revitalization tax exemption bylaw for the Kamloops Airport for Council’s consideration b) If Option 1 in Item a) is recommended, that the Committee of the Whole provide direction: i) on whether or not to include commercial uses that could also be considered industrial ii) on whether or not to include a minimum new improvement value of $100,000 to be eligible iii) on the duration of the tax exemption with one of the following: • a 10-year duration period for a 100% tax exemption on the increased value of improvements • a five-year period duration period for a 100% tax exemption on the increased value of improvements • a stepped exemption period duration period with a 100% tax exemption on the increased value of improvements in the first five years, reduced to 20% in year nine, and no exemption in year
Imported by CI City Hall. Source records can change; use the official City link for authoritative information.
