I-3, r. 1 - Regulation respecting the Taxation Act

Section 130r220 Disposition versions

2021-03-10

130R220. In the case referred to in section 130R219, where it is established that the number of units of material remaining to be mined in the previous taxation year was substantially different from that employed in determining the rate used for the last year for which an allowance was granted, the rate to which section 130R217 refers is the amount equal to the quotient obtained by dividing the amount by which the undepreciated capital cost to the taxpayer of the mine or right at the beginning of the year, determined as if subparagraph iii of subparagraph a of the second paragraph of section 130R218 had applied in respect of each previous taxation year, exceeds the estimated value of the property if all merchantable mineable material were removed, by the specified number of units that the taxpayer had a right to remove, at the beginning of the year, or in any other case, the number of units of merchantable mineable material estimated as remaining in the mine at the beginning of the year.

The same rule applies where it is established that the capital cost of the mine or right is substantially different from the amount that was employed in determining the rate used for that year.

s. 130R116; O.C. 1981-80, s. 130R116; R.R.Q., 1981, c. I-3, r. 1, s. 130R116; O.C. 134-2009, s. 1; O.C. 164-2021, s. 27.

2012-09-01

130R220. In the case referred to in section 130R219, where it is established that the number of units of material remaining to be mined in the previous taxation year was substantially different from that employed in determining the rate used for the last year for which an allowance was granted, the rate described in section 130R217 is the amount equal to the quotient obtained by dividing the amount by which the undepreciated capital cost to the taxpayer of the mine or right at the beginning of the year exceeds the estimated value of the property if all merchantable mineable material were removed by the specified number of units that the taxpayer had a right to remove, at the beginning of the year, or in any other case, the number of units of merchantable mineable material estimated as remaining in the mine at the beginning of the year.

The same rule applies where it is established that the capital cost of the mine or right is substantially different from the amount that was employed in determining the rate used for that year.

s. 130R116; O.C. 1981-80, s. 130R116; R.R.Q., 1981, c. I-3, r. 1, s. 130R116; O.C. 134-2009, s. 1.