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L-3 - Licenses Act
Section 46.2
Disposition versions
46.2. (Repealed).
46.2. The rate of the duty provided for in section 46 shall vary by two-thirds of a percentage point for each variation of one percentage point in the race track commission rate, as determined under the Race Track Supervision Regulations under section 204 of the Criminal Code (Revised Statutes of Canada, 1985, chapter C-46).
No variation under the first paragraph shall result in increasing the rate of the duty beyond the rate provided in section 46 or in reducing it to more than two percentage points below the rate provided in the said section.
46.2. The rate of the duty provided for in section 46 shall vary by two-thirds of a percentage point for each variation of one percentage point in the race track commission rate, as determined under the Race Track Supervision Regulations under section 188 of the Criminal Code.
No variation under the first paragraph shall result in increasing the rate of the duty beyond the rate provided in section 46 or in reducing it to more than two percentage points below the rate provided in the said section.
