Session 2010 - 12
Internet Publications
Other Bills before Parliament
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| | Local Government Finance Bill, As Amended |
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| | Page 47, line 43 [Schedule 4], at end insert— |
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| | | ‘(8A) | Before making regulations under sub-paragraph (8), the Secretary of State must |
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| | | consult with local authorities regarding any proposed requirements for schemes.’. |
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| | Page 48, line 22 [Schedule 4], leave out sub-paragraphs (4) and (5). |
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| | Page 49, line 14 [Schedule 4], leave out sub-paragraphs (2) and (3). |
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| | | Tax increment financing schemes |
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| | To move the following Clause:— |
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| | | ‘(1) | The Secretary of State may provide in regulations under paragraphs 20, 23 or 26 |
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| | | of Schedule 1 (levy payments, safety net payments and safety net payments on |
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| | | account) for the calculated amount for an area in which a tax increment financing |
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| | | scheme is in place to disregard the levy and any re-set. |
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| | | (2) | Regulations under subsection (1) shall be made by statutory instrument and may |
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| | | not be made unless a draft has been laid before and approved by resolution of each |
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| | To move the following Clause:— |
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| | | ‘(1) | Section 11 of the LGFA 1992 is amended as follows. |
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| | | (2) | In subsection (1), for the word “shall”, substitute “may”. |
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| | | (a) | for the word “shall”, substitute the word “may”; |
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| | | (b) | for the word “twice”, substitute the words “a multiple of”. |
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| | | (4) | Omit subsections (3) and (4) and insert— |
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| | | (a) | In this section “the appropriate percentage” and “multiple” are to |
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| | | be determined by the relevant local authority and approved as |
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| | | part of their Council Tax Reduction Scheme as set out in |
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| | | (b) | The eligibility for any reduction shall be determined as part of |
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| | | the Council Tax Reduction Scheme. |
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| | | (4) | Schedule 1 to this Act shall have effect for determining who shall be |
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| | | disregarded for the purposes of discount.”.’. |
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