O. Reg. 201/04: TAX MATTERS - TAXATION OF CERTAIN RAILWAY, POWER UTILITY LANDS

 

ontario regulation 201/04

made under the

Education Act

Made: June 29, 2004
Filed: June 30, 2004
Printed in The Ontario Gazette: July 17, 2004

Amending O. Reg. 392/98

(Tax Matters — Taxation of Certain Railway, Power Utility Lands)

1. Ontario Regulation 392/98 is amended by adding the following section:

10. (1) Despite section 2 and subject to subsections (2) and (3), for land described in subsection 315 (1) of the Municipal Act, 2001 that was owned by the owner on December 31, 1997 and is still owned by the same owner on January 1, 2004, the tax rates determined under section 9 for the municipality or locality in which the land is located are prescribed as the tax rates for school purposes for 2004, for the purposes of section 257.7 of the Education Act.

(2) If the tax rate for the municipality or territory determined for 2003 is greater than the tax rate that applied for the municipality or territory in Table 1, the tax rate determined under subsection (1) for that municipality or territory shall be reduced by one-half of the difference.

(3) If the tax rate for the municipality or territory determined for 2003 is less than the tax rate that applied for the municipality or territory in Table 1, the tax rate determined under subsection (1) for that municipality or territory shall be increased by one-half of the difference.

(4) The tax rate for school purposes for 2004 for the purposes of section 257.7 of the Act with respect to land located in a municipality or territory set out in Table 22 that was owned by an owner on December 31, 1997, and still owned by the same owner on January 1, 2004, is the tax rate that is set out in the Table for the municipality or territory in which the land is located.

(5) The headings to the columns of Table 22 that set out the tax rates are references to the names of the assessed owners as they appear on the assessment rolls or to the names set out in Column 1 of Table 7 opposite the names of the assessed owners set out in Column 2 of that Table. 

2. The Regulation is amended by adding the following Table:

TABLE 22
2004 RATES FOR ONTARIO NORTHLAND RAILWAY, ALGOMA CENTRAL RAILWAY, ONTARIO L’ORIGNAL RAILWAY AND ARNPRIOR NEPEAN RAILWAY

Municipality or Territory	Tax rates for 2004 for land owned by the owner on December 31, 1997 — expressed as dollars per acre
	Ontario Northland Railway	Algoma Central Railway	Ontario L’Orignal Railway	Arnprior Nepean Railway
District of Timiskaming
Municipality of Temiskaming Shores	0.00

3. This Regulation shall be deemed to have come into force on January 1, 2004.

Made by:

Gregory Sorbara

Minister of Finance

Date made: June 29, 2004.