Mr. Speaker, I am pleased to introduce for the second reading the Bill entitled the “Land Valuation and Tax (Special Provisions and Postponement of Preparation of Draft Valuation List) Act 2020”. This Bill seeks to modify the effect of the Land Valuation and Tax Act 1967 (“the 1967 Act”) so as to extend the validity period of the current valuation list and postpone the preparation of the next draft valuation list for Bermuda.