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Business Rate Supplements Act 2009

Type of Bill:
Government Bill
Sponsors:
Hazel Blears
Department for Communities and Local Government
Baroness Andrews
Department for Communities and Local Government

Progress of the Bill

Bill started in the House of Commons

  1. House of Commons
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  2. House of Lords
    1. 1st reading
    2. 2nd reading
    3. Committee stage
    4. Report stage
    5. 3rd reading
  3. Consideration of Amendments
  4. Royal Assent

Last event

Act of Parliament

House Act Date
Commons Business Rate Supplements Act 2009 c.7 | PDF version, 264KB 02.07.2009

Latest news on the Business Rate Supplements Act 2009

Following agreement by both Houses on the text of the Bill it received Royal Assent on 2 July. The Bill is now an Act of Parliament.

Summary of the Business Rate Supplements Act 2009

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.

Key areas:

  • Only the highest tier of local authority will be entitled to levy rates; in London the power will rest with the Greater London Authority  
  • business rate supplement revenues must be spent on economic development
  • a national upper limit of 2p per £1 of rateable value will apply
  • stipulations are made for consultation with business and matters concerning the prospectus for each scheme
  • circumstances are specified in which a ballot will be required and provisions made for regulating such ballots
  • all properties with a rateable value of £50,000 or less will be exempt.   

 

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