T-3 - Meals and Hotels Tax Act

Section 11 Disposition versions

1979-12-21

11. (Repealed).

1974, c. 22, s. 1; 1978, c. 32, s. 2; 1979, c. 72, s. 393; 1979, c. 72, s. 394.

1978-12-22

11. Each municipality contemplated in section 10 shall receive:

(a)  not later than the fifteenth day and the last day of each month of each fiscal year an amount equal to 1/24 of 58.60 per cent of the tax collected in its territory under this act during the last fiscal year for which the amount of such tax is known; and

(b)  not later than the last day of the third month following the end of each fiscal year, the balance of the subsidy contemplated in the said section.

Where the aggregate of the amounts received under subparagraph a of the first paragraph for a fiscal year exceeds the amount of the subsidy contemplated in section 10 for such fiscal year, such excess shall be deducted till extinction from each of the first amounts otherwise receivable under the said subparagraph and subsequent to the payment of the fifteenth day of the third month following the end of the fiscal year; however, each deduction must never exceed one-half of an amount otherwise receivable.

1974, c. 22, s. 1; 1978, c. 32, s. 2.

The replacement of subparagraph a of the first paragraph of section 11 of this act by section 2 of chapter 32 of the statutes of 1978 has effect from 1 April 1978. (1978, c. 32, s. 3).

1977-12-31

11. Each municipality contemplated in section 10 shall receive:

(a)  not later than the fifteenth day and the last day of each month of each fiscal year an amount equal to 1/24 of 50% of the tax collected in its territory under this act during the last fiscal year for which the amount of such tax is known; and

(b)  not later than the last day of the third month following the end of each fiscal year, the balance of the subsidy contemplated in the said section.

Where the aggregate of the amounts received under subparagraph a of the first paragraph for a fiscal year exceeds the amount of the subsidy contemplated in section 10 for such fiscal year, such excess shall be deducted till extinction from each of the first amounts otherwise receivable under the said subparagraph and subsequent to the payment of the fifteenth day of the third month following the end of the fiscal year; however, each deduction must never exceed one-half of an amount otherwise receivable.

1974, c. 22, s. 1.