P-9.002 - Cultural Heritage Act

Section 241 Disposition versions

2012-10-19

241. For the municipal fiscal year 2012, a classified heritage property not used for commercial purposes may be exempted from property tax to the extent and under the conditions provided by regulation of the Government up to one half of the value entered on the assessment roll of the local municipality in whose territory it is situated.

For a heritage property exempted from property tax under the first paragraph, the Minister shall, for the municipal fiscal year 2012, pay the local municipality on whose assessment roll the heritage property is entered an amount equal to the amount of the reduction granted, at the times and on the conditions determined by regulation of the Government.

Until new regulations are made by the Government under this section, the regulations under sections 33 and 53 of the Cultural Property Act (chapter B-4) continue to apply for the purposes of this section.

2011, c. 21, s. 241.