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O. Reg. 97/17: TAX MATTERS - ELIGIBLE PROPERTY UNDER SECTION 364 OF THE ACT

filed April 4, 2017 under Municipal Act, 2001, S.O. 2001, c. 25

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ontario regulation 97/17

made under the

Municipal Act, 2001

Made: April 4, 2017
Filed: April 4, 2017
Published on e-Laws: April 4, 2017
Printed in The Ontario Gazette: April 22, 2017

Amending O. Reg. 325/01

(TAX MATTERS - ELIGIBLE PROPERTY UNDER SECTION 364 OF THE ACT)

1. Ontario Regulation 325/01 is amended by adding the following section:

Landfill property class prescribed

0.1 The landfill property class is prescribed for the purposes of subsection 364 (1) of the Act.

2. (1) Subsection 1 (1) of the Regulation is amended by adding “or in the landfill property class” after “one of the commercial classes or industrial classes” in the portion before clause (a).

(2) Subsection 1 (2) of the Regulation is amended by adding “or in the landfill property class” after “one of the commercial classes” in the portion before clause (a).

(3) Clause 1 (5) (a) of the Regulation is amended by striking out “commercial or industrial activity” and substituting “commercial, industrial or landfilling activities”.

3. (1) Section 2 of the Regulation is amended by adding the following subsection:

(1.1) For the purposes of paragraph 3.1 of subsection 364 (2) of the Act, the prescribed percentage of the rebate for land in the landfill property class is 30 per cent.

(2) Subsection 2 (2) of the Regulation is amended by striking out “the percentage specified in paragraph 2 or 3 of subsection 364 (2) of the Act or referred to in subsection 364 (4) of the Act” in the portion before paragraph 1 and substituting “the percentage specified in paragraph 2 or 3 of subsection 364 (2) of the Act, set out in subsection (1.1) of this section or referred to in subsection 364 (4) of the Act”.

(3) Subsection 2 (3) of the Regulation is amended by striking out “the percentage set out in paragraph 2 or 3 of subsection 364 (2) of the Act or referred to in subsection 364 (4) of the Act” and substituting “the percentage specified in paragraph 2 or 3 of subsection 364 (2) of the Act, set out in subsection (1.1) of this section or referred to in subsection 364 (4) of the Act”.

Commencement

4. This Regulation comes into force on the day it is filed.

Made by:
Pris par :

Le ministre des Finances,

Charles Sousa

Minister of Finance

 

Date made: April 4, 2017
Pris le : 4 avril 2017

 

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