1029.6.0.6.2. Where the amounts listed in the second paragraph are to be used for a particular period of 12 months beginning on 1 July of a taxation year subsequent to the taxation year 2023, they are to be adjusted annually in such a manner that each amount used for the particular period is equal to the total of the amount used for the preceding 12-month period and the product obtained by multiplying that latter amount by the factor determined under section 1029.6.0.6 for the taxation year in which the particular period begins.
The amounts to which the first paragraph refers are(a) the amounts of $144, $156, $329, $418, $677, $821 and $1,935, wherever they are mentioned in section 1029.8.116.16;
(b) the amount of $39,160 mentioned in section 1029.8.116.16; and
(c) the amount of $23,750 mentioned in section 1029.8.116.34.
2015, c. 36, s. 80; 2019, c. 142019, c. 14, s. 302; 2024, c. 112024, c. 11, s. 102111.