O. Reg. 423/02: PAYMENTS IN LIEU OF TAXES, DISTRIBUTION

 

ontario regulation 423/02

made under the

municipal act

Made: December 20, 2002
Filed: December 20, 2002
Printed in The Ontario Gazette: January 4, 2003

Amending O. Reg. 382/98

(Payments in Lieu of Taxes, Distribution)

1. (1) Section 3 of Ontario Regulation 382/98 is amended by adding the following subsection:

(1.2) A local municipality that is eligible to receive a payment in lieu of taxes paid under subsection 4 (3) of the Municipal Tax Assistance Act in respect of any property for a year shall distribute the amount in accordance with subsection (4) and the formula in subsection (2).

(2) Paragraph 1 of subsection 3 (3) of the Regulation is revoked and the following substituted:

1. Subsection 4 (3) of the Municipal Tax Assistance Act.

Janet Ecker

Minister of Finance

Dated on December 20, 2002.