F-2.1 - Act respecting municipal taxation

Section 572 Disposition versions

1999-10-22

572. The taxable rental value of a business establishment, situated in the territory of a municipal corporation that is a member of the Communauté urbaine de Montréal, comprised in a unit of assessment the value of which entered on the property assessment roll of that corporation, multiplied by the factor established for that roll under section 264, is lower than $250,000 and to which section 237 applies, shall not exceed for the fiscal period 1980, 1981, 1982 or 1983, the amount computed under the second paragraph.

The maximum amount contemplated in the first paragraph is the lesser of

(1)  the rental value of the business establishment entered on the roll of rental values; and

(2)  the taxable rental value obtained by means of the following formula:

                        vl x p
                       ________
   
               VLI =    sum vl
                         ____
   
                          vf                                                          

For the purposes of the formula provided in subparagraph 2 of the second paragraph,

(1)  VLI means taxable rental value;

(2)  vl means rental value of the business establishment entered on the roll of rental values;

(3)  p means a ceiling of .15 for the fiscal period 1980;

a ceiling of .17 for the fiscal period 1981;

a ceiling of .19 for the fiscal period 1982;

a ceiling of .21 for the fiscal period 1983;

(4)  sum vl means the aggregate of the rental values of the business establishments and other premises comprised in the unit of assessment, entered on the roll of rental values;

(5)  vf means the property value, entered on the roll, of the unit of assessment mentioned in subparagraph 4, multiplied by the factor established for that roll under section 264.

The first, second and third paragraphs do not apply in the territory of a municipal corporation, for the fiscal period 1980, 1981, 1982 or 1983, unless the municipal corporation adopts a resolution to that effect for that fiscal period.

Where the first, second and third paragraphs apply in the territory of a municipal corporation, the words “rental value” in section 237 mean the taxable rental value computed under this section, when it applies in that territory.

1979, c. 72, s. 572; 1999, c. 40, s. 133.

1979-12-21

572. The taxable rental value of a place of business, situated in the territory of a municipal corporation that is a member of the Communauté urbaine de Montréal, comprised in a unit of assessment the value of which entered on the real estate assessment roll of that corporation, multiplied by the factor established for that roll under section 264, is lower than $250 000 and to which section 237 applies, shall not exceed for the fiscal period 1980, 1981, 1982 or 1983, the amount computed under the second paragraph.

The maximum amount contemplated in the first paragraph is the lesser of

(1)  the rental value of the place of business entered on the roll of rental values; and

(2)  the taxable rental value obtained by means of the following formula:

                        vl x p
                      ----------
               VLI =     M vl
                       --------
                          vf

For the purposes of the formula provided in subparagraph 2 of the second paragraph,

(1) VLI    means taxable rental value;

(2) vl     means rental value of the place of
           business entered on the roll of
           rental values;

(3) p means  a ceiling of .15
             for the fiscal period 1980;
             a ceiling of .17
             for the fiscal period 1981;
             a ceiling of .19
             for the fiscal period 1982;
             a ceiling of .21
             for the fiscal period 1983;

(4) M vl   means the aggregate of the rental values
           of the places of business and other
           premises comprised in the unit of
           assessment, entered on the roll of
           rental values;

(5) vf     means the real estate value, entered on
           the roll, of the unit of assessment
           mentioned in subparagraph 4, multiplied
           by the factor established for that roll
           under section 264.

The first, second and third paragraphs do not apply in the territory of a municipal corporation, for the fiscal period 1980, 1981, 1982 or 1983, unless the municipal corporation adopts a resolution to that effect for that fiscal period.

Where the first, second and third paragraphs apply in the territory of a municipal corporation, the words “rental value” in section 237 mean the taxable rental value computed under this section, when it applies in that territory.

1979, c. 72, s. 572.