Corporate businesses unable to pay their taxes because of bovine spongiform encephalopathy can apply to the Alberta government for interest relief on their overdue taxes.
“Alberta Revenue will consider requests for relief from interest on corporate income taxes if the corporation is unable to pay its tax due to market conditions resulting from BSE,” said Cathy Housdorff, director of communications for Alberta Revenue.
The interest relief applies to all corporate businesses associated with the cattle industry like livestock haulers, feedlot operators and abattoirs, but only if the inability to pay is clearly the result of BSE, she said.
The decision to allow interest relief was a “proactive” decision by the government, not a request of corporations affected by BSE, she said.
“The government reviewed it and decided it was the right thing to do.”
