A provincial tax credit from the Alberta Government will see Lac La Biche county benefit from some funds. The PERC (Provincial Education Requisition Credit) tax credit sees communities able to gain from uncollectible education property taxes on oil and gas properties. Lac La Biche County mayor Omer Moghrabi says the credit takes a look back at up to 4 passed tax assessments to match up when the oil and gas industry started to decline.
“So what it does, is it finds the educational requisition that was assigned to that tax note or audit. What they do is they refund the amount that was paid by taxpayers.”
The PERC program was announced last fall at the Alberta Association of Municipal Districts and Counties convention. 37 communities have been approved for tax credits, for a total of more than $3 million. Lac La Biche County is set to receive about $74,000 in cash from the credit. Mayor Moghrabi says the county is grateful for the money but wont see too much worry over where it’s headed.
“We’ve got an infrastructure deficit of a couple of hundred million, so we’re not too worried about 73 thousand. It just goes back into our general revenue.”
Municipalities can continue to apply for PERC for uncollectible education property tax in the 2018 and 2019 tax assessment years.