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

Section 130r194.1 Disposition versions

2014-03-19

130R194.1. A separate class is hereby prescribed for all property of a taxpayer included in Class 18 in Schedule B under paragraph b of that class where each property

(a)  is acquired before 1 January 2016;

(b)  is fuelled by liquefied natural gas at the time of its acquisition by the taxpayer or has had additions or alterations made to it to allow the property to be so fuelled at the latest 12 months after being acquired by the taxpayer; and

(c)  begins to be used within a reasonable time after being acquired by the taxpayer and to be, for a period of at least 730 consecutive days after the day on which that use began, or a shorter period in the case of involuntary loss or destruction of the property by fire, theft or water, or material breakdown of the property, used mainly in the course of the carrying on of a freight transport enterprise by

i.  the taxpayer, at any time in that period during which the taxpayer is the owner of the property; or

ii.  a subsequent acquirer, other than the taxpayer, having acquired the property in any of the circumstances described in section 130R149, at any time in that period during which the subsequent acquirer is the owner of the property.

O.C. 390-2012, s. 30; O.C. 229-2014, s. 5.

2012-09-01

130R194.1. A separate class is hereby prescribed for all property of a taxpayer included in Class 18 in Schedule B under paragraph b of that class where each property

(a)  is acquired before 1 January 2016;

(b)  is fuelled by liquefied natural gas at the time of its acquisition by the taxpayer or has had additions or alterations made to it to allow the property to be so fuelled at the latest 12 months after being acquired by the taxpayer; and

(c)  begins to be used within a reasonable time after being acquired by the taxpayer and to be, for a period of at least 730 consecutive days after the day on which that use began, or a shorter period in the case of involuntary loss or destruction of the property by fire, theft or water, or material breakdown of the property, used solely in Québec and mainly in the course of the carrying on of a freight transport enterprise by

i.  the taxpayer, at any time in that period during which the taxpayer is the owner of the property; or

ii.  a subsequent acquirer, other than the taxpayer, having acquired the property in any of the circumstances described in section 130R149, at any time in that period during which the subsequent acquirer is the owner of the property.

O.C. 390-2012, s. 30.