F-2.1 - Act respecting municipal taxation

Section 237 Disposition versions

1999-10-22

237. The local municipality may provide for the granting of a business tax credit, in accordance with the second and third paragraphs, to the occupants of certain business establishments of lesser rental value. It must, in such a case, fix the coefficient referred to in the second paragraph, which shall not exceed 2, and the reference rate referred to in the third paragraph, which shall be lesser than the rate of the tax.

The amount of the credit in respect of a business establishment is the product obtained by multiplying the difference established in accordance with the third paragraph by the coefficient.

That difference is established by subtracting, from the amount referred to in subparagraph 1, the amount referred to in subparagraph 2:

(1)  the amount from which the amount referred to in subparagraph 2 is subtracted is the lesser of

(a)  the quotient obtained by dividing, by the factor established for the roll pursuant to section 264, the product obtained by multiplying $10,000 by the reference rate; and

(b)  the product obtained by multiplying the value of the business establishment, entered on the roll of rental values, by the difference obtained by subtracting, from the rate of the tax, two thirds of the reference rate;

(2)  the amount subtracted from the amount referred to in subparagraph 1 is the product obtained by multiplying, by one third of the reference rate, the value of the business establishment entered on the roll of rental values.

1979, c. 72, s. 237; 1983, c. 57, s. 120; 1991, c. 32, s. 119; 1998, c. 43, s. 5; 1999, c. 40, s. 133.

1998-06-20

237. The local municipality may provide for the granting of a business tax credit, in accordance with the second and third paragraphs, to the occupants of certain places of business of lesser rental value. It must, in such a case, fix the coefficient referred to in the second paragraph, which shall not exceed 2, and the reference rate referred to in the third paragraph, which shall be lesser than the rate of the tax.

The amount of the credit in respect of a place of business is the product obtained by multiplying the difference established in accordance with the third paragraph by the coefficient.

That difference is established by subtracting, from the amount referred to in subparagraph 1, the amount referred to in subparagraph 2:

(1)  the amount from which the amount referred to in subparagraph 2 is subtracted is the lesser of

(a)  the quotient obtained by dividing, by the factor established for the roll pursuant to section 264, the product obtained by multiplying $10,000 by the reference rate; and

(b)  the product obtained by multiplying the value of the place of business, entered on the roll of rental values, by the difference obtained by subtracting, from the rate of the tax, two thirds of the reference rate;

(2)  the amount subtracted from the amount referred to in subparagraph 1 is the product obtained by multiplying, by one third of the reference rate, the value of the place of business entered on the roll of rental values.

1979, c. 72, s. 237; 1983, c. 57, s. 120; 1991, c. 32, s. 119; 1998, c. 43, s. 5.

1991-06-20

237. Where the rate of the business tax exceeds 15 %, the local municipality may order that the amount of tax payable for a place of business be reduced by an amount which may in no case exceed twice the difference computed in accordance with the second paragraph.

The difference contemplated in the first paragraph is that obtained by subtracting the amount computed under paragraph 1 from the amount computed under paragraph 2:

(1)  an amount equal to 5 % of the rental value of the place of business;

(2)  the lesser of the following amounts:

(a)  the quotient obtained by dividing $1 500 by the factor established for the roll of rental values under section 264, and

(b)  the excess of the rate of the business tax fixed by the municipality over a rate of 10 %, multiplied by the rental value of the place of business.

1979, c. 72, s. 237; 1983, c. 57, s. 120; 1991, c. 32, s. 119.

1983-12-22

237. Where the rate of the business tax exceeds 15%, the municipal corporation may order that the amount of tax payable for a place of business be reduced by an amount which may in no case exceed twice the difference computed in accordance with the second paragraph.

The difference contemplated in the first paragraph is that obtained by subtracting the amount computed under paragraph 1 from the amount computed under paragraph 2:

(1)  an amount equal to 5% of the rental value of the place of business;

(2)  the lesser of the following amounts:

(a)  the quotient obtained by dividing $1 500 by the factor established for the roll of rental values under section 264, and

(b)  the excess of the rate of the business tax fixed by the municipal corporation over a rate of 10%, multiplied by the rental value of the place of business.

1979, c. 72, s. 237; 1983, c. 57, s. 120.

1979-12-21

237. Where the rate of the business tax exceeds fifteen per cent, the amount of the tax payable for a place of business is reduced by an amount equal to the difference computed in accordance with the second paragraph.

The difference contemplated in the first paragraph is that obtained by subtracting the amount computed under paragraph 1 from the amount computed under paragraph 2:

(1)  an amount equal to five per cent of the rental value of the place of business;

(2)  the lesser of the following amounts:

(a)  the quotient obtained by dividing one thousand five hundred dollars by the factor established for the roll of rental values under section 264, and

(b)  the excess of the rate of the business tax fixed by the municipal corporation over a rate of ten per cent, multiplied by the rental value of the place of business.

1979, c. 72, s. 237.