C-19 - Cities and Towns Act

Section 547.1 Disposition versions

2003-12-18

547.1. Any by-law that, pursuant to section 547, imposes a special tax for the establishment of a sinking fund, and that is not based on the value of the immovable, may provide that the ratepayer on whose immovable the tax is imposed may exempt his immovable from the tax by paying in one instalment that portion of the capital which, upon maturity of the loan, would have been provided by the tax imposed on that immovable. Likewise, if the by-law prescribes the payment of a compensation referred to in section 244.2 of the Act respecting municipal taxation (chapter F‐2.1) for the establishment of a sinking fund, it may provide that the owner or occupant from whom the compensation is required may obtain an exemption from the compensation in the same manner, with the necessary modifications.

The share payable is calculated, in the case of a property tax, according to the assessment roll in force at the time the ratepayer makes the payment, taking account, where applicable, of taxes paid under the by-law before the payment. In the case of a compensation, the share is calculated according to the apportionment provided for in the by-law, as it applies at the time of the payment.

The payment must be made before the date indicated in the by-law.

The amount of the loan is reduced by a sum equal to any sum paid under this section.

1985, c. 27, s. 33; 1997, c. 93, s. 64; 2003, c. 19, s. 130.

1997-12-19

547.1. Any by-law that, pursuant to section 547, imposes a special tax for the establishment of a sinking fund, and that is not based on the value of the immovable, may provide that the ratepayer on whose immovable the tax is imposed may exempt his immovable from the tax by paying in one instalment that portion of the capital which, upon maturity of the loan, would have been provided by the tax imposed on that immovable.

The share payable is calculated according to the assessment roll in force at the time the ratepayer makes the payment, taking account, where applicable, of taxes paid under the by-law before the payment.

The payment must be made before the date indicated in the by-law.

The amount of the loan is reduced by a sum equal to any sum paid under this section.

1985, c. 27, s. 33; 1997, c. 93, s. 64.

1985-06-20

547.1. Any by-law which, pursuant to section 547, imposes a special tax for the establishment of a sinking fund may provide that the ratepayer on whose immovable the tax is imposed may exempt his immovable from the tax by paying in one instalment that portion of the capital which, upon maturity of the loan, would have been provided by the tax imposed on his immovable. That portion is computed on the basis of the assessment roll in force on the date the ratepayer makes his payment and, as the case may be, taking into account any tax paid pursuant to the by-law before that payment is made.

The payment shall be made before the publication of the notice contemplated in section 554 or before the Minister of Municipal Affairs grants the authorization contemplated in the fourth paragraph of this section or the approval contemplated in section 563.1.

The amount of the loan is reduced by a sum equal to any sum paid under this section.

1985, c. 27, s. 33.