123. To obtain a reimbursement of property taxes under the Act respecting municipal taxation (chapter F-2.1), a person shall
(1) meet the requirements set out in section 120;
(2) apply therefor in accordance with section 220.3 of the Act respecting municipal taxation;
(3) be in possession of a report the form and content of which are determined by government regulation, prepared by a forest engineer and containing a statement of the eligible development work expenses, within the meaning of the regulations of the Government, that are applicable to the last calendar year where the producer is a natural person or, in other cases, that are applicable to the last fiscal year of the producer and represent an amount equal to or greater than the amount of property taxes that may be the subject of an application for reimbursement under section 220.3 of the Act respecting municipal taxation. Such expenses shall not include any expenses financed under section 73.1.