HOTELS (INCENTIVES) ACT

ARRANGEMENT OF SECTIONS

   1   Short title

   2   Interpretation

   3   Declaration of approved hotel enterprise

   4   Declaration of approved extension

   5   Applications for approval

   6   Amendment or revocation of orders under section 3 or 4

   7   The relevant concession period

   8   Persons entitled to benefits

   9   Income tax benefits

   10   Dividends

   11   Benefits in respect of customs duty and tax

   12   Commissioner of Customs and Excise may require records, etc

   13   Restriction upon disposition of articles imported free of customs duty and tax and upon use of buildings

   14   Saving of liability to comply with requirements of law relating to income tax, etc

   15   Commissioner of Income Tax may refuse to treat certain receipts and payments as received or made in a particular year of assessment

   16   Commissioner of Income Tax may issue certificates

   17   Offences

   18   Regulations

      SCHEDULES

 

THE HOTELS (INCENTIVES) ACT

[Date of Commencement: 21st March, 1968]

Acts
16 of 1968,
30 of 1971,
23 of 1972,
12 of 1985,
17 of 1986,
16 of 1991.

LNs
37/1991,
21K/1993.

1   Short title

   This Act may be cited as the Hotels (Incentives) Act.

2   Interpretation

   (1) In this Act unless the context otherwise requires-

   "annual allowances", "chargeable income", "initial allowance" and "year of assessment" have the same meanings as in the Income Tax Act, and where pursuant to this Act any annual allowance is made, such allowance shall be made subject to and in accordance with the provisions of that Act;

   "approved extension" means an extension or other alteration approved by the Minister pursuant to section 4;

   "approved hotel enterprise" means a hotel enterprise approved by the Minister pursuant to section 3;

   "company" means-

   (a)   any company incorporated or registered under any law in force in Jamaica; or

   (b)   any company which, though incorporated or registered outside Jamaica carries on business or has an office or place of business therein; or

   (c)   any other body approved as such by the Minister by notice published in the Gazette for the purposes of this Act;

   "convention type hotel" means a hotel containing an aggregate number of not less than three hundred and fifty bedrooms and facilities for the holding of conferences and in relation to which an order made under section 3 is in force;

   "hotel" means any building, or group of buildings within the same precinct containing or intended to contain when complete an aggregate number of not less than ten bedrooms and facilities for meals for the accommodation of transient guests, including tourists, for reward, together with the precinct thereof and all other buildings and structures within such precinct;

   "hotel enterprise" means the business concerned with the establishment or operation of a hotel;

   "precinct" means the area of land within which the buildings and structures comprising a hotel or an extension to a hotel are constructed or intended to be constructed, designated on any plan or drawing referred to in section 5;

   "relevant concession period" means, in relation to any approved hotel enterprise or any approved extension, the number of years, commencing on the specified date, in respect of which the benefits of section 9 may be enjoyed;

   "specified date" means, in relation to any approved hotel enterprise or any approved extension, the date specified for the commencement of the operation of such approved hotel enterprise or such approved extension, as the case may be, in the relevant order made under section 3 or section 4, as the case may be.

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