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O. Reg. 513/00: TAX MATTERS - TAXATION OF CERTAIN RAILWAY, POWER UTILITY LANDS
filed September 13, 2000 under Municipal Act, R.S.O. 1990, c. M.45
Skip to contentONTARIO REGULATION 513/00
made under the
Municipal Act
Made: September 12, 2000
Filed: September 13, 2000
Amending O. Reg. 387/98
(Tax Matters — Taxation of Certain Railway, Power Utility Lands)
1. Ontario Regulation 387/98 is amended by adding the following section:
Tax Rates for Certain Land for 2000
2.2 (1) Despite section 1 and subject to subsections (2) and (3), land described in subsection 368.3 (1) of the Act that was owned by the owner on December 31, 1997 and is still owned by the same owner on January 1, 2000 shall be taxed for 2000 at the rates determined under section 2.1 for the municipality in which the land is situated.
(2) If the tax rate for the municipality determined under section 2.1 is greater than the tax rate that applied for the municipality in Table 1, the tax rate determined under subsection (1) for that municipality shall be reduced by one-sixth of the difference.
(3) If the tax rate for the municipality determined under section 2.1 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 shall be increased by one-sixth of the difference.
Ernie Eves
Minister of Finance
Dated on September 12, 2000.