Should the government remove property tax assessment caps on heavy industry and refineries?
New Brunswick law currently caps the taxable value of heavy industrial equipment and machinery, a policy that significantly lowers the property tax bill for major players like Irving Oil. Proponents argue this incentive is crucial to keep the province’s struggling economy competitive and to protect thousands of manufacturing jobs from moving elsewhere. Opponents call it a "tax holiday" for billionaires, arguing that it forces residential homeowners to pay higher rates to subsidize profitable corporations and deprives municipalities of millions in revenue needed for roads and services.
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