A-18.1, r. 12 - Regulation respecting the reimbursement of property taxes of certified forest producers

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3. The amount established under section 2 for expenses incurred during the last calendar year in cases where the forest producer is a natural person or, in all other cases, during the producer’s last fiscal year, shall be applicable for reimbursement of the property taxes in that same period, provided that the eligible development expenses applicable during that period represent an amount at least equal to the amount of property taxes that may be claimed in an application for reimbursement provided for in section 220.3 of the Act respecting municipal taxation (chapter F-2.1).
Where a producer, during the calendar year or the fiscal year, incurs eligible expenses in an amount less than the amount of the property taxes, the expenses so incurred may be carried forward for the purposes of an application for reimbursement over the next 2 calendar years or fiscal years, as the case may be.
O.C. 1563-98, s. 3.