220.3. Every individual or legal person contemplated in this subdivision may receive a reimbursement of part of the property taxes paid in respect of the immovables included in an assessment unit mentioned in the report referred to in paragraph 3 of section 123 of the Forest Act (chapter F-4.1) for a municipal or school fiscal period, if the individual or the legal person applies therefor to the Minister of Revenue on a prescribed form containing the prescribed information.
However, the application must be made, in the case of a Canadian-controlled private corporation within the meaning of section 1 of the Taxation Act (chapter I-3), within three years after the end of its fiscal period, within the meaning assigned by Part I of the said Act, during which the municipal or school fiscal period ends and, in the case of any other legal person, within four years after the end of that fiscal period.
Subject to paragraph 3 of section 123 of the Forest Act, the reimbursement is equal to 85 % of the product obtained by multiplying the aggregate of property taxes paid and not reimbursed otherwise than pursuant to this section, in respect of an assessment unit, by the ratio between the value of the land and the total value of the unit according to the entry of these values on the assessment roll in force for the fiscal period.
1985, c. 27, s. 101; 1986, c. 15, s. 8; 1993, c. 19, s. 2; 1993, c. 64, s. 2; 1995, c. 36, s. 1; 1996, c. 14, s. 27; 1997, c. 31, s. 1; 1999, c. 40, s. 133.