I-3 - Taxation Act

Section 771.12 Disposition versions

2012-05-09

771.12. Subject to section 771.13, a corporation is an exempt corporation for a taxation year if it carries on or may carry on the business referred to in the certificate described in paragraph a and

(a)  the corporation holds a certificate issued by Investissement Québec certifying that the business referred to in the certificate is

i.  an innovative project carried out by the corporation in an information technology development centre,

ii.  an innovative project carried out by the corporation in a new economy centre, or

iii.  an innovative project carried out by the corporation in a biotechnology development centre;

(b)  the corporation is not a corporation resulting from an amalgamation or a merger of several corporations;

(c)  (paragraph repealed);

(d)  the year is comprised in whole or in part in the corporation’s eligibility period; and

(e)  the corporation has filed a copy of the certificate referred to in paragraph a with the Minister.

1997, c. 85, s. 165; 1998, c. 17, s. 64; 1999, c. 83, s. 106; 2000, c. 39, s. 91; 2001, c. 51, s. 73; 2001, c. 69, s. 12; 2002, c. 9, s. 22; 2003, c. 9, s. 101; 2005, c. 23, s. 107; 2012, c. 8, s. 135.

2006-03-01

771.12. Subject to section 771.13, a corporation is an exempt corporation for a taxation year where

(a)  the corporation holds a certificate issued and unrevoked by Investissement Québec certifying that

i.  the corporation carries on or may carry on a business that is an innovative project in an information technology development centre,

ii.  the corporation carries on or may carry on a business that is an innovative project in a new economy centre, or,

iii.  the corporation carries on or may carry on an innovative project in a biotechnology development centre;

(b)  the corporation is not a corporation resulting from an amalgamation or a merger of several corporations;

(c)  (paragraph repealed);

(d)  the year is comprised in whole or in part in the corporation’s eligibility period; and

(e)  the corporation has filed a copy of the certificate referred to in paragraph a with the Minister.

1997, c. 85, s. 165; 1998, c. 17, s. 64; 1999, c. 83, s. 106; 2000, c. 39, s. 91; 2001, c. 51, s. 73; 2001, c. 69, s. 12; 2002, c. 9, s. 22; 2003, c. 9, s. 101; 2005, c. 23, s. 107.