Real Property Tax (Amendment) Act, 2013 (No. 29 of 2013)

EXTRAORDINARY OFFICIAL GAZETTE THE BAHAMAS PUBLISHED BY AUTHORITY NASSAU 20th August, 2013 I 'i : I il 11 il [I !! .l.ll I REAL PROPERTY TAX (AMENDMENT) ACT, 2013 Arrangement of Sections Section I . Short title ... ...... .... .. ........ ......... .. .. ...... ..... ... ....... .... .......... .. .. .... .. ...... ... ...... .. ....... .. .. ... 2 2. Jnsettion of new section 19A into the principal Act... .... ...... .............. ... ..... .... ... ... . 2 I I ! 1. No. 29 of 2013 REAL PROPERTY TAX (AMENDMENT) ACT, 2013 AN ACT TO AMEND THE REAL PROPERTY TAX ACT [Date of Assent - 20th August, 2013] Enacted by the Parliament ofThe Bahamas Short title. This Act which amends the Real Property Act (Ch. 375), may be cited as the Real Property Tax (Amendment) Act, 20 13. 2. Insertion of new section 19A into the principal Act. The principal Act is amended by the insertion of the new section 19A as follows Page - 2 "19A. Liability of Mot·tgagee in respect of commet·cial propertJ. Where a tax or surcharge in respect of property used for commercial purposes, and mortgaged under a deed of mortgage executed before or after the coming into operation of this section, remains unpaid for a period in excess of ninety days the m01tgagee of the commercial property shall pay all taxes or surcharges owed in respect of the property."