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

Section 130r187 Disposition versions

2012-09-01

130R187. A separate class is hereby prescribed for each pipeline included in Class 2 in Schedule B and referred to in section 130R188 which is the property of a taxpayer and in respect of which the taxpayer has elected, in the manner referred to in the second paragraph, to apply this section.

Such election must be made by the taxpayer by means of a letter attached to the taxpayer’s fiscal return filed pursuant to sections 1000 to 1003 of the Act for the taxation year during which the construction, extension, conversion or program referred to in section 130R188 was completed.

Such election is effective from the first day of the taxation year for which it is made and continues to be effective for all subsequent taxation years.

s. 130R98.1; O.C. 615-88, s. 9; O.C. 366-94, s. 15; O.C. 134-2009, s. 1.