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Amendment of section 13 of Act of 2012
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6. Section 13 of the Act of 2012 is amended—
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(a) by the substitution of the following subsection for subsection (1A):
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“(1A) In this Act, a period of years referred to in paragraph (a), (b), (c) or (d) of subsection (2) is referred to as a valuation period.”,
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and
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(b) in subsection (2)—
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(i) in paragraph (b), by the deletion of “and”,
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(ii) by the substitution of the following paragraph for paragraph (c):
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“(c) 1 November 2025 for the years 2026 to 2030, and”,
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and
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(iii) by the insertion of the following paragraph after paragraph (c):
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“(d) for each consecutive 5-year period after the year 2030, 1 November in the year preceding the first year of the particular 5-year period.”.
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