F-2.1 - Act respecting municipal taxation

Section 253.43 Disposition versions

1995-02-08

253.43. The amount of the abatement applicable to the tax payable, in respect of a unit of assessment, for the second fiscal year for which the roll applies is the amount obtained by performing the following operations consecutively:

(1)  multiplying the tax rate fixed for the second fiscal year by the lesser of the taxable value of the unit on 1 January of the first fiscal year, taking account of the application of the third paragraph of section 253.38, if necessary, and its taxable value on 1 January of the second fiscal year;

(2)  subtracting, from the product obtained under subparagraph 1, the maximum amount of tax for the second fiscal year.

The maximum amount of tax for the second fiscal year for which the roll applies is established by increasing, by the percentage fixed by the municipality for that fiscal year, the maximum amount of tax for the first fiscal year as established pursuant to the second paragraph of section 253.38.

Where a unit in existence on 1 January of the second fiscal year for which the roll applies results from the combining of several whole units that were in existence on 1 January of the first fiscal year and 31 December of the preceding fiscal year, the rules prescribed in the first two paragraphs apply in respect of the new unit as if its taxable value on 1 January of the first fiscal year was the sum of the taxable values on the latter date of the units combined and as if the maximum amount of the tax for the first fiscal year, in respect of that unit, was the sum of the maximum amounts of tax for the latter fiscal year in respect of the units combined. For the purposes of this paragraph, a combined unit that itself results, directly or indirectly, from the combining of whole units existing on 1 January of the first fiscal year or 31 December of the preceding fiscal year is deemed to have existed on that date as if any combining considered had taken effect on that date.

1994, c. 30, s. 78; 1995, c. 7, s. 5.

1994-06-17

253.43. Sections 253.36 to 253.42 apply notwithstanding any inconsistent provision of any general law or special Act or of any regulation thereunder.

1994, c. 30, s. 78.