| 54. |
As
part of the SARS relief package, we provided
a higher additional property tax rebate of
$2,000 plus 30% of the balance of property
tax payable in 2003 for gazetted tourist hotels.
This will now be extended to non-gazetted
hotels as well, because, contrary to our initial
expectations, they too suffered from the effects
of SARS. Similarly, we will extend the 100%
rebate on TV licence fees to the non-gazetted
hotels. These two extensions to non-gazetted
hotels will be back-dated. They will save
the non-gazetted hotels $1 million. |
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