F-2.1 - Act respecting municipal taxation

Section 261.5.7 Disposition versions

2007-01-01

261.5.7. If, with respect to the category of non-residential immovables provided for in section 244.33, the municipality has fixed a specific general property taxation rate under section 244.29 that is greater than the basic rate provided for in section 244.38, a part of the revenues from that tax and from any special tax provided for in section 487.1 or 487.2 of the Cities and Towns Act (chapter C-19) or article 979.1 or 979.2 of the Municipal Code of Québec (chapter C-27.1) is not taken into consideration, as provided for in the second paragraph.

The part not taken into consideration is the difference obtained by subtracting the amount under subparagraph 2 from the amount under subparagraph 1:

(1)  the amount of the revenues deriving from the imposition of the tax on the units of assessment belonging to the category of non-residential immovables or the category of industrial immovables provided for in section 244.34;

(2)  the amount of the revenues that would derive from the imposition of the tax on the units of assessment referred to in subparagraph 1 if the basic rate were applied.

2006, c. 31, s. 100.