First Nations who wish to levy property tax under the FSMA must do so in accordance with validly enacted property tax laws and assessment laws, as well as in accordance with annual laws dealing with expenditures and tax rates.
The FNTC has developed these sample laws as templates that may be of assistance to First Nations in drafting their own laws. These sample laws comply with the requirements of the legislation, regulations and FNTC standards.
Each sample law has a corresponding explanatory note which provides a narrative description of each part of the law. The use of sample laws is a continuation of the practice established by the Indian Taxation Advisory Board for the system of bylaws developed under section 83 of the Indian Act. Sample laws can help to reduce timeliness, costs associated with legal drafting and the work required in the FNTC review.