Business Rate Supplements Bill (Bill 2 of 2008-09)
The Bill gives legislative effect to the scheme outlined in Business rate supplements: a white paper (Cm 7230). This allows upper-tier local authorities, and the Greater London Authority, to levy a supplement on the business rate in order to fund local economic development projects. Businesses must be consulted and, in certain circumstances, balloted before a rate supplement can be introduced.
The Bill gives legislative effect to the scheme outlined in Business rate supplements: a white paper (Cm 7230). This allows upper-tier local authorities, and the Greater London Authority, to levy a supplement on the business rate in order to fund local economic development projects. Businesses must be consulted and, in certain circumstances, balloted before a rate supplement can be introduced.