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Bill · started in the Commons

Business Rate Supplements Act 2009

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.

Now an Act of Parliament

The story so farThe Business Rate Supplements Bill was introduced in the House of Commons on 4 December 2008 by Hazel Blears (Labour). It completed its passage through Parliament and became law as the Business Rate Supplements Act 2009, receiving Royal Assent on 2 July 2009.

What the bill does

<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 &pound;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 &pound;50,000 or less will be exempt. </li></ul><p> </p>

Progress through Parliament

  1. 1st reading Commons 4 Dec 2008
  2. 2nd reading Commons 12 Jan 2009
  3. Programme motion Commons 12 Jan to 11 Mar 2009
  4. Money resolution Commons 12 Jan 2009
  5. Committee stage Commons 20 Jan to 3 Feb 2009
  6. Report stage Commons 11 Mar 2009
  7. 3rd reading Commons 11 Mar 2009
  8. 1st reading Lords 12 Mar 2009
  9. 2nd reading Lords 22 Apr 2009
  10. Committee stage Lords 11 May to 18 May 2009
  11. Report stage Lords 8 Jun to 9 Jun 2009
  12. 3rd reading Lords 16 Jun 2009
  13. Consideration of Lords amendments Commons 17 Jun 2009
  14. Programme motion Commons 17 Jun 2009
  15. Consideration of Commons amendments and / or reasons Lords 29 Jun 2009
  16. Royal Assent Unassigned 2 Jul 2009

Source: the official bill page. Last updated 16 Oct 2009.