I-3 - Taxation Act

Section 1029.8.36.166.45 Disposition versions

2022-06-08

1029.8.36.166.45. The rate to which subparagraph i of subparagraph a of the first paragraph of sections 1029.8.36.166.43 and 1029.8.36.166.44 refers, in relation to a portion of a corporation’s eligible expenses or to a corporation’s share of a portion of a partnership’s eligible expenses, in respect of a qualified property, for a particular taxation year is

(a)  where the qualified property is acquired to be used mainly in an administrative region referred to in any of subparagraphs iv to vii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

40% − [35% × (A − $250,000,000) / $250,000,000],

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

32% − [28% × (A − $250,000,000)/$250,000,000], or

iii.  in any other case, the rate determined by the formula

24% − [20% × (A − $250,000,000) / $250,000,000];

(b)  where the qualified property is acquired to be used mainly in one of the regional county municipalities referred to in subparagraphs i.2, i.3 and ii.2 of paragraph b of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a of the third paragraph and the corporation is neither deemed to have paid an amount to the Minister under Division II.6.6.6.1 for the particular taxation year nor associated, in the particular taxation year, with another corporation that is deemed to have paid an amount to the Minister under Division II.6.6.6.1 for a taxation year that ends in the particular taxation year, the rate determined by the formula

35% − [30% × (A − $250,000,000) / $250,000,000],

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

30% − [25% × (A − $250,000,000) / $250,000,000],

iii.  if subparagraphs i and ii do not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

24% − [20% × (A − $250,000,000) / $250,000,000], or

iv.  in any other case, the rate determined by the formula

16% − [12% × (A − $250,000,000) / $250,000,000];

(c)  where the qualified property is acquired to be used mainly in an administrative region referred to in subparagraph ii or iii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40 or in one of the regional county municipalities referred to in subparagraphs i, i.1, ii, ii.1 and iii to vi of paragraph b of that definition,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a of the third paragraph and the corporation is neither deemed to have paid an amount to the Minister under Division II.6.6.6.1 for the particular taxation year nor associated, in the particular taxation year, with another corporation that is deemed to have paid an amount to the Minister under Division II.6.6.6.1 for a taxation year that ends in the particular taxation year, the rate determined by the formula

25% − [20% × (A − $250,000,000) / $250,000,000],

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

20% − [15% × (A − $250,000,000) / $250,000,000],

iii.  if subparagraphs i and ii do not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

16% − [12% × (A − $250,000,000) / $250,000,000], or

iv.  in any other case, the rate determined by the formula

8% − [4% × (A − $250,000,000) / $250,000,000], or

(d)  in any other case,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

10% − [5% × (A − $250,000,000) / $250,000,000], or

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

8% − [4% × (A − $250,000,000) / $250,000,000].

In the formulas in the first paragraph, A is the greater of

(a)  $250,000,000; and

(b)  the lesser of $500,000,000 and

i.  for the purpose of determining the rate in relation to the portion of the corporation’s eligible expenses, in respect of the property, the paid-up capital attributed to the corporation for the year, determined in accordance with section 1029.8.36.59.49.1, or

ii.  for the purpose of determining the rate in relation to the corporation’s share of the portion of the partnership’s eligible expenses, in respect of the property, the paid-up capital attributed to the partnership for the fiscal period that ends in the year, determined in accordance with section 1029.8.36.59.49.1 as if the partnership were a corporation whose taxation year corresponds to its fiscal period.

The expenses referred to in subparagraph b of the first paragraph of sections 1029.8.36.166.43 and 1029.8.36.166.44 and in subparagraphs a to d of the first paragraph of this section are

(a)  eligible expenses incurred before 5 June 2014 and those incurred after 4 June 2014 and before 1 July 2015, where the property is acquired on or before 4 June 2014 or, otherwise, where the property is acquired pursuant to an obligation in writing entered into on or before that date or its construction, by or on behalf of the purchaser, had begun by that date; or

(b)  eligible expenses incurred in the period that begins on 16 August 2018 and ends on 31 December 2019, where

i.  the property is acquired in that period otherwise than pursuant to an obligation in writing entered into on or before 15 August 2018 and is not a property the construction of which, by or on behalf of the purchaser, had begun by that date, or

ii.  the property is acquired in the calendar year 2020 and either the acquisition is made pursuant to an obligation in writing entered into in the period that begins on 16 August 2018 and ends on 31 December 2019 or the construction of the property, by or on behalf of the purchaser, began in that period.

2009, c. 15, s. 303; 2010, c. 25, s. 177; 2015, c. 21, s. 464; 2017, c. 1, s. 292; 2020, c. 16, s. 151; 2021, c. 14, s. 148; 2022, c. 23, s. 111.

2021-06-02

1029.8.36.166.45. The rate to which subparagraph i of subparagraph a of the first paragraph of sections 1029.8.36.166.43 and 1029.8.36.166.44 refers, in relation to a portion of a corporation’s eligible expenses or to a corporation’s share of a portion of a partnership’s eligible expenses, in respect of a qualified property, for a particular taxation year is

(a)  where the qualified property is acquired to be used mainly in an administrative region referred to in any of subparagraphs iv to vii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

40% − [35% × (A − $250,000,000) / $250,000,000],

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

32% − [28% × (A − $250,000,000)/$250,000,000], or

iii.  in any other case, the rate determined by the formula

24% − [20% × (A − $250,000,000) / $250,000,000];

(b)  where the qualified property is acquired to be used mainly in one of the regional county municipalities referred to in subparagraphs i.2, i.3 and ii.2 of paragraph b of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a of the third paragraph and the corporation is neither deemed to have paid an amount to the Minister under Division II.6.6.6.1 for the particular taxation year nor associated, in the particular taxation year, with another corporation that is deemed to have paid an amount to the Minister under Division II.6.6.6.1 for a taxation year that ends in the particular taxation year, the rate determined by the formula

35% − [30% × (A − $250,000,000) / $250,000,000],

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

30% − [25% × (A − $250,000,000) / $250,000,000],

iii.  if subparagraphs i and ii do not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

24% − [20% × (A − $250,000,000) / $250,000,000], or

iv.  in any other case, the rate determined by the formula

16% − [12% × (A − $250,000,000) / $250,000,000];

(c)  where the qualified property is acquired to be used mainly in an administrative region referred to in subparagraph ii or iii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40 or in one of the regional county municipalities referred to in subparagraphs i, i.1, ii, ii.1 and iii to vi of paragraph b of that definition,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a of the third paragraph and the corporation is neither deemed to have paid an amount to the Minister under Division II.6.6.6.1 for the particular taxation year nor associated, in the particular taxation year, with another corporation that is deemed to have paid an amount to the Minister under Division II.6.6.6.1 for a taxation year that ends in the particular taxation year, the rate determined by the formula

25% − [20% × (A − $250,000,000) / $250,000,000],

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

20% − [15% × (A − $250,000,000) / $250,000,000],

iii.  if subparagraphs i and ii do not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

16% − [12% × (A − $250,000,000) / $250,000,000], or

iv.  in any other case, the rate determined by the formula

8% − [4% × (A − $250,000,000) / $250,000,000], or

(d)  in any other case,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

10% − [5% × (A − $250,000,000) / $250,000,000], or

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

8% − [4% × (A − $250,000,000) / $250,000,000].

In the formulas in the first paragraph, A is the greater of

(a)  $250,000,000; and

(b)  the lesser of $500,000,000 and the paid-up capital attributed to the corporation for the year, determined in accordance with section 737.18.24.

The expenses referred to in subparagraph b of the first paragraph of sections 1029.8.36.166.43 and 1029.8.36.166.44 and in subparagraphs a to d of the first paragraph of this section are

(a)  eligible expenses incurred before 5 June 2014 and those incurred after 4 June 2014 and before 1 July 2015, where the property is acquired on or before 4 June 2014 or, otherwise, where the property is acquired pursuant to an obligation in writing entered into on or before that date or its construction, by or on behalf of the purchaser, had begun by that date; or

(b)  eligible expenses incurred in the period that begins on 16 August 2018 and ends on 31 December 2019, where

i.  the property is acquired in that period otherwise than pursuant to an obligation in writing entered into on or before 15 August 2018 and is not a property the construction of which, by or on behalf of the purchaser, had begun by that date, or

ii.  the property is acquired in the calendar year 2020 and either the acquisition is made pursuant to an obligation in writing entered into in the period that begins on 16 August 2018 and ends on 31 December 2019 or the construction of the property, by or on behalf of the purchaser, began in that period.

2009, c. 15, s. 303; 2010, c. 25, s. 177; 2015, c. 21, s. 464; 2017, c. 1, s. 292; 2020, c. 16, s. 151; 2021, c. 14, s. 148.

2020-09-24

1029.8.36.166.45. The rate to which subparagraph i of subparagraph a of the first paragraph of sections 1029.8.36.166.43 and 1029.8.36.166.44 refers, in relation to a portion of a corporation’s eligible expenses or to a corporation’s share of a portion of a partnership’s eligible expenses, in respect of a qualified property, for a particular taxation year is

(a)  where the qualified property is acquired to be used mainly in an administrative region referred to in any of subparagraphs iv to vii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

40% − [35% × (A − $250,000,000) / $250,000,000],

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

32% − [28% × (A − $250,000,000)/$250,000,000], or

iii.  in any other case, the rate determined by the formula

24% − [20% × (A − $250,000,000) / $250,000,000];

(b)  where the qualified property is acquired to be used mainly in one of the regional county municipalities referred to in subparagraphs i.2, i.3 and ii.2 of paragraph b of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a of the third paragraph and the corporation is neither deemed to have paid an amount to the Minister under Division II.6.6.6.1 for the particular taxation year nor associated, in the particular taxation year, with another corporation that is deemed to have paid an amount to the Minister under Division II.6.6.6.1 for a taxation year that ends in the particular taxation year, the rate determined by the formula

35% − [30% × (A − $250,000,000) / $250,000,000],

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

30% − [25% × (A − $250,000,000) / $250,000,000],

iii.  if subparagraphs i and ii do not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

24% − [20% × (A − $250,000,000) / $250,000,000], or

iv.  in any other case, the rate determined by the formula

16% − [12% × (A − $250,000,000) / $250,000,000];

(c)  where the qualified property is acquired to be used mainly in an administrative region referred to in subparagraph ii or iii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40 or in one of the regional county municipalities referred to in subparagraphs i, i.1, ii, ii.1 and iii to vi of paragraph b of that definition,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a of the third paragraph and the corporation is neither deemed to have paid an amount to the Minister under Division II.6.6.6.1 for the particular taxation year nor associated, in the particular taxation year, with another corporation that is deemed to have paid an amount to the Minister under Division II.6.6.6.1 for a taxation year that ends in the particular taxation year, the rate determined by the formula

25% − [20% × (A − $250,000,000) / $250,000,000],

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

20% − [15% × (A − $250,000,000) / $250,000,000],

iii.  if subparagraphs i and ii do not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

16% − [12% × (A − $250,000,000) / $250,000,000], or

iv.  in any other case, the rate determined by the formula

8% − [4% × (A − $250,000,000) / $250,000,000], or

(d)  in any other case,

i.  if the portion of the expenses represents eligible expenses that are described in subparagraph a or b of the third paragraph, the rate determined by the formula

10% − [5% × (A − $250,000,000) / $250,000,000], or

ii.  if subparagraph i does not apply and the portion of the expenses represents eligible expenses incurred before 1 January 2017, the rate determined by the formula

8% − [4% × (A − $250,000,000) / $250,000,000].

In the formulas in the first paragraph, A is the greater of

(a)  $250,000,000; and

(b)  the lesser of $500,000,000 and the paid-up capital attributed to the corporation for the year, determined in accordance with section 737.18.24.

The expenses referred to in subparagraph b of the first paragraph of sections 1029.8.36.166.43 and 1029.8.36.166.44 and in subparagraphs a to d of the first paragraph of this section are

(a)  eligible expenses incurred before 5 June 2014 and those incurred after 4 June 2014 and before 1 July 2015, where the property is acquired on or before 4 June 2014 or, otherwise, where the property is acquired pursuant to an obligation in writing entered into on or before that date or its construction, by or on behalf of the purchaser, had begun by that date; or

(b)  eligible expenses incurred in the period that begins on 16 August 2018 and ends on 31 December 2019, where the property is acquired in that period otherwise than pursuant to an obligation in writing entered into on or before 15 August 2018 and is not a property the construction of which, by or on behalf of the purchaser, had begun by that date.

2009, c. 15, s. 303; 2010, c. 25, s. 177; 2015, c. 21, s. 464; 2017, c. 1, s. 292; 2020, c. 16, s. 151.

2017-02-08

1029.8.36.166.45. The rate to which subparagraph i of subparagraph a of the first paragraph of sections 1029.8.36.166.43 and 1029.8.36.166.44 refers, in relation to the portion of a corporation’s eligible expenses or to a corporation’s share of the portion of a partnership’s eligible expenses, in respect of a qualified property, for a particular taxation year is

(a)  if the qualified property is acquired to be used mainly in an administrative region referred to in any of subparagraphs iv to vii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40, the rate determined by the formula

24% – [20% × (A – $250,000,000)/$250,000,000];

(b)  if the qualified property is acquired to be used mainly in one of the regional county municipalities referred to in subparagraphs i.2, i.3 and ii.2 of paragraph b of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40, and

i.  the expenses are eligible expenses described in the third paragraph, and the corporation is not deemed to have paid an amount to the Minister under Division II.6.6.6.1 for the particular taxation year and is not associated, in the particular taxation year, with another corporation that is deemed to have paid an amount to the Minister under Division II.6.6.6.1 for a taxation year that ends in the particular taxation year, the rate determined by the formula

35% - [30% × (A - $250,000,000)/$250,000,000], or

ii.  subparagraph i does not apply, the rate determined by the formula

16% – [12% × (A – $250,000,000)/$250,000,000];

(c)  if the qualified property is acquired to be used mainly in an administrative region referred to in subparagraph ii or iii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40 or in any of the regional county municipalities referred to in subparagraphs i, i.1, ii, ii.1 and iii to vi of paragraph b of that definition, and

i.  the expenses are eligible expenses described in the third paragraph, and the corporation is not deemed to have paid an amount to the Minister under Division II.6.6.6.1 for the particular taxation year and is not associated, in the particular taxation year, with another corporation that is deemed to have paid an amount to the Minister under Division II.6.6.6.1 for a taxation year that ends in the particular taxation year, the rate determined by the formula

25% - [20% × (A - $250,000,000)/$250,000,000], or

ii.  subparagraph i does not apply, the rate determined by the formula

8% – [4% × (A – $250,000,000)/$250,000,000] ;

(d)  in any other case, the rate determined by the formula

8% - [4% × (A - $250,000,000)/$250,000,000].

In the formulas in the first paragraph, A is the greater of

(a)  $250,000,000; and

(b)  the lesser of $500,000,000 and the paid-up capital attributed to the corporation for the year, determined in accordance with section 737.18.24.

The expenses referred to in subparagraph i of subparagraphs b and c of the first paragraph are eligible expenses incurred before 5 June 2014 and those incurred after 4 June 2014 and before 1 July 2015 if the property is acquired on or before 4 June 2014, or, otherwise, the property is acquired pursuant to a written obligation entered into on or before that date or the construction of the property, by or on behalf of the purchaser, had begun by that date.

2009, c. 15, s. 303; 2010, c. 25, s. 177; 2015, c. 21, s. 464; 2017, c. 1, s. 292.

2015-10-21

1029.8.36.166.45. The rate to which subparagraph i of subparagraph a of the first paragraph of sections 1029.8.36.166.43 and 1029.8.36.166.44 refers, in relation to the portion of a corporation’s eligible expenses or to a corporation’s share of the portion of a partnership’s eligible expenses, in respect of a qualified property, for a particular taxation year is

(a)  if the qualified property is acquired to be used mainly in an administrative region referred to in any of subparagraphs iv to vii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40, the rate determined by the formula

36% - [28% × (A - $250,000,000)/$250,000,000];

(b)  if the qualified property is acquired to be used mainly in one of the regional county municipalities referred to in subparagraphs i.2, i.3 and ii.2 of paragraph b of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40, and

i.  the expenses are eligible expenses described in the third paragraph, and the corporation is not deemed to have paid an amount to the Minister under Division II.6.6.6.1 for the particular taxation year and is not associated, in the particular taxation year, with another corporation that is deemed to have paid an amount to the Minister under Division II.6.6.6.1 for a taxation year that ends in the particular taxation year, the rate determined by the formula

35% - [30% × (A - $250,000,000)/$250,000,000], or

ii.  subparagraph i does not apply, the rate determined by the formula

24% - [20% × (A - $250,000,000)/$250,000,000];

(c)  if the qualified property is acquired to be used mainly in an administrative region referred to in subparagraph ii or iii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40 or in any of the regional county municipalities referred to in subparagraphs i, i.1, ii, ii.1 and iii to vi of paragraph b of that definition, and

i.  the expenses are eligible expenses described in the third paragraph, and the corporation is not deemed to have paid an amount to the Minister under Division II.6.6.6.1 for the particular taxation year and is not associated, in the particular taxation year, with another corporation that is deemed to have paid an amount to the Minister under Division II.6.6.6.1 for a taxation year that ends in the particular taxation year, the rate determined by the formula

25% - [20% × (A - $250,000,000)/$250,000,000], or

ii.  subparagraph i does not apply, the rate determined by the formula

16% - [12% × (A - $250,000,000)/$250,000,000];

(d)  in any other case, the rate determined by the formula

8% - [4% × (A - $250,000,000)/$250,000,000].

In the formulas in the first paragraph, A is the greater of

(a)  $250,000,000; and

(b)  the lesser of $500,000,000 and the paid-up capital attributed to the corporation for the year, determined in accordance with section 737.18.24.

The expenses referred to in subparagraph i of subparagraphs b and c of the first paragraph are eligible expenses incurred before 5 June 2014 and those incurred after 4 June 2014 and before 1 July 2015 if the property is acquired on or before 4 June 2014, or, otherwise, the property is acquired pursuant to a written obligation entered into on or before that date or the construction of the property, by or on behalf of the purchaser, had begun by that date.

2009, c. 15, s. 303; 2010, c. 25, s. 177; 2015, c. 21, s. 464.

2010-10-27

1029.8.36.166.45. The rate to which subparagraph a of the first paragraph of sections 1029.8.36.166.43 and 1029.8.36.166.44 refers, in relation to the portion of the eligible expenses, in respect of a qualified property, for a taxation year is

(a)  if the qualified property is acquired to be used mainly in an administrative region referred to in any of subparagraphs iv to vii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40, the rate determined by the formula

40% - [35% × (A - $250,000,000)/$250,000,000];

(b)  if the qualified property is acquired to be used mainly in one of the regional county municipalities referred to in subparagraphs i.2, i.3 and ii.2 of paragraph b of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40, the rate determined by the formula

30% - [25% × (A - $250,000,000)/$250,000,000];

(c)  if the qualified property is acquired to be used mainly in an administrative region referred to in subparagraph ii or iii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40 or in any of the regional county municipalities referred to in subparagraphs i, i.1, ii, ii.1 and iii to vi of paragraph b of that definition, the rate determined by the formula

20% - [15% × (A - $250,000,000)/$250,000,000]; and

(d)  in any other case, the rate determined by the formula

10% - [5% × (A - $250,000,000)/$250,000,000].

In the formulas in the first paragraph, A is the greater of

(a)  $250,000,000; and

(b)  the lesser of $500,000,000 and the paid-up capital attributed to the corporation for the year, determined in accordance with section 737.18.24.

2009, c. 15, s. 303; 2010, c. 25, s. 177.

2009-06-04

1029.8.36.166.45. The rate to which section 1029.8.36.166.43 or 1029.8.36.166.44 refers, in respect of a qualified property, for a taxation year is

(a)  if the qualified property is acquired to be used mainly in an administrative region referred to in any of subparagraphs iv to vii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40, the rate determined by the formula

40% - [35% × (A - $250,000,000)/$250,000,000];

(b)  if the qualified property is acquired to be used mainly in the administrative region referred to in subparagraph i of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40, the rate determined by the formula

30% - [25% × (A - $250,000,000)/$250,000,000];

(c)  if the qualified property is acquired to be used mainly in an administrative region referred to in subparagraph ii or iii of paragraph a of the definition of “resource region” in the first paragraph of section 1029.8.36.166.40 or in any of the regional county municipalities referred to in paragraph b of that definition, the rate determined by the formula

20% - [15% × (A - $250,000,000)/$250,000,000]; and

(d)  in any other case, 5%.

In the formulas in the first paragraph, A is the greater of

(a)  $250,000,000; and

(b)  the lesser of $500,000,000 and the paid-up capital attributed to the corporation for the year, determined in accordance with section 737.18.24.

2009, c. 15, s. 303.