O. Reg. 124/07: TAX MATTERS - TAXATION OF CERTAIN RAILWAY, POWER UTILITY LANDS


Published: 2007-03-28

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ontario regulation 124/07

made under the

municipal act, 2001

Made: March 28, 2007
Filed: March 28, 2007
Published on e-Laws: March 29, 2007
Printed in The Ontario Gazette: April 14, 2007


Amending O. Reg. 387/98

(Tax Matters — Taxation of Certain Railway, Power Utility Lands)

1. Sections 2, 2.1, 2.2, 2.3, 2.4, 2.5 and 2.6 of Ontario Regulation 387/98 are revoked.

2. Subsection 3 (2) of the Regulation is revoked.

3. Table 1 of the Regulation is amended by striking out,

 


Geographic areas as described in subsection 315 (6) of the Act


Rates of tax for land described in paragraphs 1 and 2 of subsection 315 (1) of the Act — expressed as dollars per acre




 


Paragraph 1 (Railway rights-of-way)


Paragraph 2 (Electrical corridors)




1.


The City of Toronto and the regional municipalities of Durham, Halton, Peel and York


611.33


834.02










and substituting,

 


Item


Column 1


Column 2


Column 3




 


Geographic area described in subs. 315 (6) of the Act


Tax rate for land described in para. 1 of subs. 315 (1) of the Act (railway rights-of-way), expressed as dollars per acre


Tax rate for land described in para. 2 of subs. 315 (1) of the Act (electrical corridors), expressed as dollars per acre




1.


The regional municipalities of Durham, Halton, Peel and York


611.33


834.02




4. Tables 2 to 21 of the Regulation are revoked.

Made by:

Gregory Sorbara

Minister of Finance

Date made: March 28, 2007.

 

 

 

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