[F1Temporary reduction of rates for specified hereditamentsN.I.
31C.—(1) Regulations may provide that the amount which, apart from the regulations, would be payable on account of a rate in respect of the net annual value of a specified hereditament for a specified year shall be reduced by a specified percentage if—
(a)the net annual value of the hereditament does not exceed a specified amount; and
(b)specified conditions are satisfied.
(2) In this Article—
“specified” means specified in regulations;
“specified hereditament” means a hereditament which falls within a specified class;
“specified percentage” includes a hundred per cent.
(3) Regulations may contain such provision as the Department considers necessary or expedient for the purposes of this Article.]
F1Art. 31C substituted (14.12.2009) by Rates (Amendment) Act (Northern Ireland) 2009 (c. 8), ss. 1, 19; S.R. 2009/375, art. 2(2), Sch. 2