243.16. The lapsing provided for in the first paragraph of section 243.15 becomes effective on the same date as the alteration to the roll which gave rise to the lapsing.
The first paragraph does not render paragraph 5 of section 177 inoperative as regards the effective date of an alteration to the roll which, pursuant to any of paragraphs 9 to 11 of section 174 or paragraph 4 of section 174.2, must result from the recognition ceasing to be in force on the date referred to in the first paragraph.
The lapsing provided for in the second paragraph of section 243.15 takes effect on 1 January of the fiscal year for which the business tax ceases to be imposed.
2000, c. 54, s. 76; 2001, c. 25, s. 123; 2007, c. 10, s. 23.