E-16 - Real Estate Assessment Act

Section 101 Disposition versions

1977-12-31

101. For the fiscal year beginning in 1972 of each municipal corporation and school board in the territory of which, at the beginning of such fiscal year, immoveables of undertakings other than Hydro-Québec and its subsidiaries are situated, entry of which on the roll is prohibited by section 16, such immoveables shall be subject to the same taxes as for the municipal or school fiscal year begun in 1971.

For each municipal or school fiscal year beginning after 1972, as long as such immoveables exist, they shall be subject to taxes equal to those of the fiscal year begun in 1971 divided by the average number of horse-power produced by the undertaking during the fiscal years 1968 to 1971 including the number of horse-power compensated for gratuitously by Hydro-Québec and its subsidiaries and multiplied by the average number of horse-power produced by the undertaking during the five fiscal years preceding the year concerned including the number of horse-power compensated for by Hydro-Québec and its subsidiaries.

If the immoveables contemplated by the first paragraph are used only for purposes of transmitting or distributing electric power, they are subject, as long as they exist, to taxes equal to those payable for any municipal or school fiscal year begun in 1971.

Notwithstanding section 18, the lands and buildings intended or used for purposes of producing, transmitting or distributing electric power except power-houses and dams shall not be exempt from real estate tax if they are owned by a municipal corporation; moreover, from the fiscal year beginning in 1972 of each municipal corporation and school board in the territory of which, at the beginning of such fiscal year, immoveables owned by municipal corporations are situated that are no longer entered on the roll by reason of section 16, such immoveables, as long as they exist, shall be subject to real estate taxes respectively equal, for the fiscal year beginning in 1972, to those for the municipal or school fiscal year begun in 1971, and decreasing from the fiscal year beginning in 1973 at the rate of 62/3% annually.

1971, c. 50, s. 104; 1972, c. 46, s. 24; 1973, c. 31, s. 51.