Interpretation

In this Act“development contribution” means the contribution referred to in section 3; “Minister” means the Minister responsible for finance; “revenue” in relation to a specified statutory body means the aggregate amount of the income of that body from the collection of taxes, fees, and any other levies and charges or other sources of income, but excluding funding from international organizations or funding entities, or funding from the Government; “specified statutory body” means any of the following statutory bodies, namely– (a) Belize Agricultural Health Authority; (b) Belize Airports Authority; (c) Belize Tourism Board; (d) Belize Trade and Investment Development Service (BELTRAIDE); (e) Border Management Agency; (f) National Institute of Culture and History; (g) Protected Areas Conservation Trust; (h) Public Utilities Commission; or (i) any other statutory body that the Minister, by order published in the Gazette, declares to be a specified statutory body for the purposes of this Act; “statutory body” means a body established under any enactment to perform public functions, does not include a town council, city council or village council; and “year of assessment” in relation to any specified statutory body, means the calendar year that would coincide with the applicable year of assessment under the Income and Business Tax Act, if that body were taxable under that Act.