I-3 - Taxation Act

Section 1129.17 Disposition versions

2012-10-19

1129.17. If an archival centre or a museum disposes of a property within nine years after the day the centre or museum acquired it and if the centre or museum was, at the time of the acquisition, a certified archival centre, a museum established under the Act respecting the Montréal Museum of Fine Arts (chapter M-42) or the National Museums Act (chapter M-44) or a recognized museum and the property was a property in respect of which the Conseil du patrimoine culturel du Québec issued a certificate stating that the property was acquired by the centre or museum in accordance with its acquisition and conservation policy and with the directives of the Ministère de la Culture et des Communications, the centre or museum shall pay, for the year in which the property was disposed of, tax equal to 30% of the fair market value of the property at the time of the disposition, unless the property is disposed of to an entity that is, at that time, an eligible entity.

1993, c. 19, s. 144; 1995, c. 1, s. 199; 1996, c. 39, s. 269; 2001, c. 53, s. 253; 2006, c. 36, s. 232; 2011, c. 21, s. 232.

2006-12-06

1129.17. If an archival centre or a museum disposes of a property within nine years after the day the centre or museum acquired it and if the centre or museum was, at the time of the acquisition, a certified archival centre, a museum established under the Act respecting the Montréal Museum of Fine Arts (chapter M-42) or the National Museums Act (chapter M-44) or a recognized museum and the property was a property in respect of which the Commission des biens culturels du Québec issued a certificate stating that the property was acquired by the centre or museum in accordance with its acquisition and conservation policy and with the directives of the Ministère de la Culture et des Communications, the centre or museum shall pay, for the year in which the property was disposed of, tax equal to 30% of the fair market value of the property at the time of the disposition, unless the property is disposed of to an entity that is, at that time, an eligible entity.

1993, c. 19, s. 144; 1995, c. 1, s. 199; 1996, c. 39, s. 269; 2001, c. 53, s. 253; 2006, c. 36, s. 232.

2006-03-01

1129.17. Where an archival centre or a museum disposes of a property within nine years after the day the centre or museum, as the case may be, acquired it and where the centre or the museum, as the case may be, was, at the time of the acquisition, a certified archival centre or an accredited museum and the property was a property in respect of which the Commission des biens culturels du Québec issued a certificate setting forth that the property was acquired by the centre or the museum in accordance with its acquisition and conservation policy and with the directives of the Ministère de la Culture et des Communications(*), the centre or the museum, as the case may be, shall pay, for the year in which the property was disposed of, tax equal to 30% of the fair market value of the property at the time of the disposition, except if the property is disposed of to an entity which is, at that time, an eligible entity.

1993, c. 19, s. 144; 1995, c. 1, s. 199; 1996, c. 39, s. 269; 2001, c. 53, s. 253; [(*): since January 31, 2006, a reference to the Minister of Culture and Communications concerning the national archives of Québec is a reference to Bibliothèque et Archives nationales du Québec: 2004, c. 25, s. 70 and O.C. 1295-2005.].