Business Rate Supplements Act 2009
Act of ParliamentThis bill passed all stages in both Houses and received Royal Assent.
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Long title
A Bill to confer power on the Greater London Authority and certain local authorities to impose a levy on non-domestic ratepayers to raise money for expenditure on projects expected to promote economic development; and for connected purposes.
Summary
<p>The Bill will create a new power for upper tier local authorities in England and Wales to levy a local supplement on the business rate and to retain the proceeds for investment in that area. </p><p><strong>Key areas:</strong></p><ul><li>Only the highest tier of local authority will be entitled to levy rates; in London the power will rest with the Greater London Authority </li><li>business rate supplement revenues must be spent on economic development </li><li>a national upper limit of 2p per £1 of rateable value will apply </li><li>stipulations are made for consultation with business and matters concerning the prospectus for each scheme</li><li>circumstances are specified in which a ballot will be required and provisions made for regulating such ballots </li><li>all properties with a rateable value of £50,000 or less will be exempt. </li></ul><p> </p>
Progress through Parliament
- 1st reading· Commons
4 December 2008 – 4 December 2008
- 2nd reading· Commons
12 January 2009 – 12 January 2009
- Programme motion· Commons
12 January 2009 – 11 March 2009
- Money resolution· Commons
12 January 2009 – 12 January 2009
- Committee stage· Commons
20 January 2009 – 3 February 2009
- Report stage· Commons
11 March 2009 – 11 March 2009
- 3rd reading· Commons
11 March 2009 – 11 March 2009
- 1st reading· Lords
12 March 2009 – 12 March 2009
- 2nd reading· Lords
22 April 2009 – 22 April 2009
- Committee stage· Lords
11 May 2009 – 18 May 2009
- Report stage· Lords
8 June 2009 – 9 June 2009
- 3rd reading· Lords
16 June 2009 – 16 June 2009
- Consideration of Lords amendments· Commons
17 June 2009 – 17 June 2009
- Programme motion· Commons
17 June 2009 – 17 June 2009
- Consideration of Commons amendments and / or reasons· Lords
29 June 2009 – 29 June 2009
- Royal Assent· Unassigned
2 July 2009 – 2 July 2009
Source: UK Parliament Bills API. Bill ID: 358.