Sugar Sector Package Deal Act (Act No. 2 of 1 April 1985).

This Act provides for: the exemption of land taxes for the transfer of land under sugarcane cultivation up to a certain size and to buyers which fit the conditions laid down in section 3 (Part I); for a reduction on duties on the export of sugar originating from small plots of land (Part II); and for a waiver of taxes on the transfer of assets from a mother company engaged in the sugar industry to a daughter company set up for milling and other related activities (Part III). A deed witnessing the transfer to any portions of one or more portions of land under cultivation of an aggregate extent not exceeding 25 arpents or 10.55 hectares, and presented for registration after commencement of this Act, shall, where conditions specified in section 3 are satisfied, be exempted from taxes payable under Parts III, IV and V of the Land (Duties and Taxes) Act, 1984, and some other specified taxes. Conditions include: (1) the inclusion in the deed of transfer of a certificate of the Sugar Industry Fund certifying that the land was under cultivation for not less than 2 years during the ten years immediately preceding the date of transfer; (2) a declaration of the transferor that he has not transferred more than the total allowable aggregate amount to the transferee; and (3) the transferee shall specify in the deed the extent of all lands under cane cultivation acquired by him by means of any deed registered after the commencement of this Act. (8 sections)