County of Lethbridge seeking feedback for proposed Commercial Industrial Municipal Tax Incentive Bylaw

Lethbridge County is seeking public feedback into a proposed commercial and industrial municipal tax incentive bylaw. At the April 21 Council meeting, a draft bylaw was presented that would provide eligible businesses a short-term exemption from paying municipal taxes.

The purpose of this incentive is to attract new development to Lethbridge County and encourage expansion of existing businesses. Before voting on this bylaw, Council wants to gather input from citizens and business owners in the County.

“The concept of introducing short-term tax exemption incentives came from one of the goals identified in our Strategic Plan, which is Prosperity for Lethbridge County,” says Reeve Tory Campbell. “We aim to accomplish this goal through attracting, expanding, and retaining businesses. Several other municipalities in the province have implemented similar policies, giving a competitive advantage for investment in those communities.”

“Recognizing that a tax incentive bylaw is a significant decision for a municipality, Council wanted to ensure the public has the opportunity to view the proposed bylaw and provide their input,” says Campbell. “Feedback will be used to help guide further discussion at the Council table so we can make the best choice for the community.”

The proposed bylaw is online at https://whatshappening.lethcounty.ca/proposed-tax-incentives.

A short 6 question survey is also available for the public to share their thoughts. The deadline to provide feedback is June 10. Results will be shared with Lethbridge County Council at the July 7 Council meeting.