I-3 - Taxation Act

Section 1029.8.36.59.1 Disposition versions

2010-10-27

1029.8.36.59.1. (Repealed).

2000, c. 39, s. 181; 2001, c. 51, s. 228; 2005, c. 23, s. 188; 2010, c. 25, s. 138.

2006-03-01

1029.8.36.59.1. In this division, “property taxes” in respect of an immovable that is all the lands forming the road bed of the railway, within the meaning of section 47 of the Act respecting municipal taxation (chapter F-2.1), of a taxpayer for a taxation year or of a partnership for a fiscal period, in relation to a railway undertaking that the taxpayer or partnership operates in the year or fiscal period, as the case may be, means

(a)  when the taxation year or fiscal period ends before 31 March 2004, the aggregate of all amounts each of which is an amount deductible in computing the income from the railway undertaking of the taxpayer for the year or of the partnership for the fiscal period under this Part as property tax imposed on the immovable by a local municipality under the Act respecting municipal taxation or by a school board under the Education Act (chapter I-13.3);

(b)  when the taxation year or fiscal period ends after 30 March 2004 and includes that date, the amount equal to the proportion of the aggregate of all amounts each of which is an amount deductible in computing the income from the railway undertaking of the taxpayer for the year or of the partnership for the fiscal period under this Part as property tax imposed on the immovable by a local municipality under the Act respecting municipal taxation or by a school board under the Education Act that the number of days in the year or fiscal period that precede 31 March 2004 is of the number of days in the year or fiscal period; and

(c)  in any other case, an amount equal to zero.

2000, c. 39, s. 181; 2001, c. 51, s. 228; 2005, c. 23, s. 188.