Amending Definition for Small Business Property Tax Subclass to Clarify Eligibility - by Councillor Gary Crawford, seconded by Councillor Brad Bradford

This scalable map will show the actual parcel boundaries and provide a much more accurate representation of eligible areas. The map layer will be made available to the public, and will reflect the list of properties eligible for inclusion in the small business subclass. This Motion seeks Council approval to amend City of Toronto Municipal Code Chapter 767, Taxation, Property Tax, Article 12, Small Business Subclass § 767-12.3 to replace the Official Plan reference to refer instead to this new map titled: Designated Areas for the City of Toronto Small Business Subclass. This Motion is deemed urgent in order to allow sufficient time to identify properties eligible to be included in the small business property tax subclass, in order that the Municipal Property Assessment Corporation can change the tax classification of eligible properties in time that allows the Final 2022 Property Tax bills to reflect the reduced tax rate for small business properties. REQUIRES RE-OPENING Executive Committee Item EX27.7 (November 9, 10 and 12, 2021) City Council meeting) only as it pertains to the identification of geographic areas used to determine eligibility.

The Eligible Property is located within the geographic areas identified in the City of Toronto Official Plan as Downtown and Central Waterfront, Avenues or Centres; and And replacing it with: a. The Eligible Property is located within the geographic areas identified as Downtown and Central Waterfront, Avenues or Centres on the map titled: Designated Areas for the City of Toronto Small Business Subclass attached as Appendix 1 to this Chapter; and 2. City Council authorize the introduction of the necessary Bills in Council to give effect to City Council's decision.