s. 1
— Exemption
Lands and improvements are exempt from all taxes described under section 31 (3) of the Columbia Basin Trust Act for the 2004 and subsequent taxation years if included in a facility constructed in whole or in part by or on behalf of
s. 1(a)
Columbia Power Corporation, and
s. 1(b)
CBT Brilliant Expansion Power Corp.
s. 2
— Rescission of exemption
An exemption of land or an improvement under section 1 is rescinded if the land or the improvement is not owned by
s. 2(a)
Columbia Basin Trust or a subsidiary of Columbia Basin Trust,
s. 2(b)
Columbia Power Corporation or a subsidiary of Columbia Power Corporation,
s. 2(c)
Brilliant Expansion Power Corporation, or
s. 2(d)
the government.