Growth and Infrastructure Bill

Page 35, line 28, at end insert—

“(12) Shares issued or alloted under subsection (1)(b) up to a value of £25,000 will not be treated as a benefit for the purposes of the Income Tax (Earnings and Pensions) Act 2003.”

Leave out Clause 27

Insert the following new Clause—

“Business improvement districts: proposals by local authorities

(1) The Business Improvement Districts (England) Regulations 2004 are amended as follows.

(2) In regulation 3, after paragraph (3) insert—

“(4) Where the BID proposer is the relevant billing authority, paragraph (2) shall not apply, but the relevant billing authority shall, at least 84 days before instructing the ballot holder to hold a BID ballot, notify the Secretary of State in writing of the authority’s intention to do so.”

(3) In regulation 4, after paragraph (4) insert—

“(5) Where the BID proposer is the relevant billing authority, paragraphs (2) and (4) shall not apply, but the relevant billing authority shall draw up a proposed business plan satisfying the description in paragraph (2)(a)(i)(bb).”

(4) In regulation 5, after paragraph (2) insert—

“(3) Where the relevant billing authority has drawn up BID proposals, the authority may instruct the ballot holder to hold a BID ballot.”

(5) This section is without prejudice to any power of the Secretary of State to amend, revoke or re-enact the Regulations.”

Page 36, line 19, leave out “6(4)” and insert “6(5)”

Page 36, line 28, at end insert—

“( ) Subsection (4) does not apply to an order under section 6(6).”

Page 37, line 9, at beginning insert “Section 1(1) so far as it inserts the new section 62B,”

Page 37, line 9, after “8,” insert “14,”

Page 37, line 9, after “17,” insert “21, 22, 23,”

Page 37, line 9, leave out “Schedule 2”and insert “Schedules 2 and 4”

Page 37, line 11, leave out “14,”

Page 37, line 11, leave out “, and Schedule 4,”