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O. Reg. 258/14: GENERAL

filed December 11, 2014 under Assessment Act, R.S.O. 1990, c. A.31

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ontario regulation 258/14

made under the

Assessment Act

Made: December 8, 2014
Filed: December 11, 2014
Published on e-Laws: December 12, 2014
Printed in The Ontario Gazette: December 27, 2014

Amending O. Reg. 282/98

(GENERAL)

1. (1) Subsections 42.5 (2) and (3) of Ontario Regulation 282/98 are revoked and the following substituted:

(2) For the purposes of subsection 19 (2.1) of the Act, the current value of a wind turbine tower for a year is determined by multiplying the installed capacity in megawatts of the generator attached to the wind turbine tower by the dollar amount set out for that year in the Table to this section.

(3) For the purposes of clause 19.0.1 (1) (b) of the Act, the assessed value for a year of a generating station structure that is a wind turbine tower is determined by multiplying the installed capacity in megawatts of the generator attached to the wind turbine tower by the dollar amount set out for that year in the Table to this section.

(4) For the purposes of clause 19.0.1 (1) (b) and subsection 19.1 (4) of the Act, the current and assessed values for 2014, as determined under subsections (2) and (3), shall be adjusted to an amount equal to the installed capacity in megawatts of the generator attached to the wind turbine multiplied by $41,329. 

(5) For the purposes of clause 19.0.1 (1) (b) and subsection 19.1 (4) of the Act, the current and assessed values for 2015, as determined under subsections (2) and (3), shall be adjusted to an amount equal to the installed capacity in megawatts of the generator attached to the wind turbine multiplied by $42,657. 

(6) An increase to the value of a wind turbine tower that occurs by operation of subsection (2), (3), (4) or (5) shall not be included in determining the eligible increase with respect to the assessment of land under sections 48 to 48.3.

(2) Section 42.5 of the Regulation is amended by adding the following Table:

TABLE

 

Column 1

Year

Column 2

Amount

2009

$40,000

2010

$40,000

2011

$40,000

2012

$40,000

2013

$40,000

2014

$42,658

2015

$43,542

2016

$43,986

Commencement

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

Made by:

Charles Sousa

Minister of Finance

Date made: December 8, 2014.