F-2.1, r. 11 - Regulation respecting the equalization scheme

Section 2 Disposition versions

2012-09-01

2. This Regulation applies to local municipalities to which the Act respecting municipal taxation (chapter F-2.1) applies, including regional county municipalities under section 8 of the Act respecting municipal territorial organization (chapter O-9).

For the purposes of this Regulation,

(1)  “current fiscal year” means the fiscal year for which it is determined whether or not a local municipality is eligible under either part of the scheme and, where applicable, for which the equalization amount payable is computed;

(2)  “year of reference” means the fiscal year for which data are used to determine whether or not a local municipality is eligible under either part of the scheme or to compute, where applicable, the equalization amount payable;

(3)  “neutrality amount” means the amount that a local municipality is entitled to receive during a fiscal year that makes the financial consequences of an amalgamation or annexation neutral, under the government program, as related to the application of this Regulation;

(4)  “equalization amount” means the amount that a local municipality is entitled to receive for a fiscal year under this Regulation;

(5)  “summary of the municipality for the year of reference” means the form that, according to the regulation made under paragraph 1 of section 263 of the Act, is filled out with the information included in the summary, relating to the property assessment roll of a local municipality, the production of which is prescribed by that Regulation during the last semester preceding the year of reference.

O.C. 661-2008, s. 2.