O. Reg. 48/21: TAX MATTERS - FARM LAND AWAITING DEVELOPMENT SUBCLASSES, TAX REDUCTION PERCENTAGES
filed February 3, 2021 under Municipal Act, 2001, S.O. 2001, c. 25
Skip to contentontario regulation 48/21
made under the
Municipal Act, 2001
Made: February 2, 2021
Filed: February 3, 2021
Published on e-Laws: February 3, 2021
Printed in The Ontario Gazette: February 20, 2021
Amending O. Reg. 383/98
(TAX MATTERS - FARM LAND AWAITING DEVELOPMENT SUBCLASSES, TAX REDUCTION PERCENTAGES)
1. Section 3 of Ontario Regulation 383/98 is revoked and the following substituted:
3. The percentage reduction for the first subclass for each property class, other than the residential property class, shall be the percentage which reduces the tax rates that would otherwise be levied for municipal purposes to a tax rate equal to the tax rate for the first subclass for the residential property class after the percentage reduction in section 2 is applied.
Commencement
2. This Regulation comes into force on the day it is filed.
Le ministre des Finances,
Peter Bethlenfalvy
Minister of Finance
Date made: February 2, 2021
Pris le : 2 février 2021