ontario regulation 243/04

made under the

Assessment Act

Made: August 17, 2004
Filed: August 18, 2004
Printed in The Ontario Gazette: September 4, 2004

Amending O. Reg. 282/98

(General)

1. Ontario Regulation 282/98 is amended by adding the following section:

Wind Turbine Towers

45.4 (1) Wind turbine towers are prescribed for 2005 and subsequent years as generating station structures for the purposes of section 19.0.1 of the Act.

(2) For the purposes of clause 19.0.1 (1) (b) of the Act, the assessed value for 2005 and subsequent years of a generating station structure that is a wind turbine tower shall be determined by multiplying $40,000 by the installed capacity of the generator attached to the wind turbine tower.

(3) For the purposes of subsection 19 (2.1) of the Act, the current value for 2005 and subsequent years of land that is a wind turbine tower shall be determined by multiplying $40,000 by the installed capacity of the generator attached to the wind turbine tower.

(4) Subsection 33 (1) of the Act does not apply with respect to a wind turbine tower that is omitted from the tax roll for all or part of 2002, 2003 or 2004.

(5) In this section,

“installed capacity” means the rated maximum output capacity in megawatts as stated on the nameplate of the generator;

“wind turbine tower” means the structure that supports an electrical generator and electrical and mechanical equipment used to convert wind energy into electricity, including the base and foundation to which the structure is attached but not including,

(a) any additional land, buildings and structures, or

(b) any transformer, transmission or distribution line or other equipment.

Made by:

Gregory Sorbara

Minister of Finance

Date made: August 17, 2004.