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I-3 - Taxation Act

Section 1029.8.36.24
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1029.8.36.24. For the purposes of sections 1029.8.36.20 to 1029.8.36.22, an amount is deemed to be an amount paid, at a particular time, as a repayment of assistance by a qualified corporation, a qualified outside consultant or a qualified partnership, as the case may be, pursuant to a legal obligation, if that amount
(a)  reduced, because of section 1029.8.36.18, the expenditure referred to in section 1029.8.36.5 or the share of a qualified corporation that is a member of the qualified partnership of the expenditure referred to in section 1029.8.36.6;
(b)  was not received by the qualified corporation, the qualified outside consultant or the qualified partnership; and
(c)  ceased at that time to be an amount that the qualified corporation, the qualified outside consultant or the qualified partnership could reasonably expect to receive.
1995, c. 1, s. 157; 1997, c. 3, s. 71; 2006, c. 13, s. 147; 2006, c. 36, s. 307.
1029.8.36.24. For the purposes of sections 1029.8.36.20 to 1029.8.36.22, an amount of assistance is deemed to be repaid by a qualified corporation in a taxation year, by a qualified partnership in a fiscal period or by a qualified corporation that is a member of a qualified partnership in a taxation year in which a fiscal period of the partnership ends, as the case may be, where that amount
(a)  was applied, because of section 1029.8.36.18, in reduction of either the expenditure referred to in section 1029.8.36.5 or the share of the qualified corporation that is a member of the qualified partnership of the expenditure referred to in section 1029.8.36.6,
(b)  was not received by the qualified corporation, the qualified partnership or the qualified corporation that is a member of the qualified partnership, and
(c)  ceased, in the taxation year, the fiscal period or the taxation year in which the fiscal period of the partnership ends, to be an amount that the qualified corporation, the qualified partnership or the qualified corporation that is a member of the qualified partnership, as the case may be, can reasonably expect to receive.
1995, c. 1, s. 157; 1997, c. 3, s. 71.
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