O. Reg. 389/98: TAX MATTERS - INCREASES IN TAX RATES TO PAY FOR REBATES, TAX MATTERS - TIME LIMITS FOR 2005 UNDER SECTIONS 308, 308.1, 310, 311, 314, 329.1 AND 362 OF THE ACT
Municipal Act, 2001
Loi de 2001 sur les municipalités
ontario REGULATION 389/98
formerly under Municipal Act
TAX MATTERS — INCREASES IN TAX RATES TO PAY FOR REBATES
Historical version for the period July 23, 2003 to July 23, 2015.
Last amendment: O. Reg. 299/03.
This Regulation is made in English only.
1. (1) This section applies with respect to rebates under section 361 of the Act other than rebates described in subsection 2 (1). O. Reg. 389/98, s. 1 (1); O. Reg. 126/02, s. 1 (1); O. Reg. 299/03, s. 1 (1).
(2) The tax rate for a property class may be greater than would be allowed under paragraph 2 of subsection 311 (6) of the Act or paragraph 2 of subsection 312 (6) of the Act to the extent necessary to raise an amount sufficient to fund the rebates under section 361 of the Act on property in the property class. O. Reg. 299/03, s. 1 (2).
2. (1) This section applies with respect to rebates under section 361 of the Act,
(a) that are given to eligible charities; and
(b) that are on property in the commercial classes or industrial classes, within the meaning of subsection 308 (1) of the Act. O. Reg. 389/98, s. 2 (1); O. Reg. 299/03, s. 2 (1, 2).
(2) The tax rates for the commercial classes may be greater than would be allowed under paragraph 2 of subsection 311 (6) of the Act or paragraph 2 of subsection 312 (6) of the Act to the extent necessary to raise an amount sufficient to fund the rebates described in subsection (1) on property in all the commercial classes subject to the requirement in subsection (3). O. Reg. 299/03, s. 2 (3).
(3) The amounts by which the tax rates for each of the commercial classes are greater than what would be allowed but for this section must in the same proportion to each other as the tax ratios established under section 308 of the Act for the commercial classes are to each other. O. Reg. 389/98, s. 2 (3); O. Reg. 299/03, s. 2 (4).
(4) The tax rates for the industrial classes may be greater than would be allowed under paragraph 2 of subsection 311 (6) of the Act or paragraph 2 of subsection 312 (6) of the Act to the extent necessary to raise an amount sufficient to fund the rebates described in subsection (1) on property in all the industrial classes subject to the requirement in subsection (5). O. Reg. 299/03, s. 2 (5).
(5) The amounts by which the tax rates for each of the industrial classes are greater than what would be allowed but for this section must in the same proportion to each other as the tax ratios established under section 308 of the Act for the industrial classes are to each other. O. Reg. 389/98, s. 2 (5); O. Reg. 299/03, s. 2 (6).