Each of the following parcels of land, owned in part by the British Columbia Hydro and Power Authority as a tenant in common, and the improvements on them are exempt from taxation to the extent of the product obtained by multiplying their assessed value by the fraction representing the fractional registered interest of the Authority in the parcel:
Parcel Identifier: 016-344-502 Sublot 1, Township 7A, Kootenay District, Plan X66, Except Part Included in Plan 11116; Parcel Identifier: 016-344-511 Sublot 2, Township 7A, Kootenay District, Plan X66; Parcel Identifier: 027-434-915 Lot A, Township 7A, Kootenay District, Plan NEP86182, Except Plan EPP9510; Parcel Identifier: 027-434-923 Lot B, Township 7A, Kootenay District, Plan NEP86182, Except Plan EPP9508.
This section is retroactive to the extent necessary to apply for the purposes of the 2011 and 2012 taxation years.