C-27.1 - Municipal Code of Québec

Section 981 Disposition versions

1989-12-20

981. Taxes bear interest at the rate of 5% per annum from the expiration of the time prescribed therefor by article 1013 or, as the case may be, under Division IV Chapter XVIII of the Act respecting municipal taxation (chapter F-2.1) which deals with the payment and refund of taxes. Neither the council nor any municipal officer can remit such interest.

The council, as often as it considers it expedient, may, by resolution, prescribe a rate of interest different from the rate provided in the first paragraph. The rate also applies to all unpaid debts before the passing of the resolution. The resolution of the council shall remain in force until it is repealed.

The tax account shall indicate clearly the rate of interest in force at the time of its sending.

When the council has passed a resolution allowing a discount, under article 1007, the interest shall run only from the expiration of the term fixed for benefitting from such discount.

M.C. 1916, a. 687; 1937, c. 59, s. 2; 1950, c. 74, s. 9; 1968, c. 85, s. 2; 1968, c. 86, s. 39; 1975, c. 82, s. 30; 1982, c. 63, s. 58; 1985, c. 27, s. 65; 1989, c. 68, s. 15.

1985-06-20

981. Taxes bear interest at the rate of 5% per annum from he expiration of the delay provided in article 1013. Neither the council nor any municipal officer can remit such interest.

The council, as often as it considers it expedient, may, by resolution, prescribe a rate of interest different from the rate provided in the first paragraph. The rate also applies to all unpaid debts before the passing of the resolution. The resolution of the council shall remain in force until it is repealed.

The tax account shall indicate clearly the rate of interest in force at the time of its sending.

When the council has passed a resolution allowing a discount, under article 1007, the interest shall run only from the expiration of the term fixed for benefitting from such discount.

M.C. 1916, a. 687; 1937, c. 59, s. 2; 1950, c. 74, s. 9; 1968, c. 85, s. 2; 1968, c. 86, s. 39; 1975, c. 82, s. 30; 1982, c. 63, s. 58; 1985, c. 27, s. 65.

0001-01-01

981. Taxes bear interest at the rate of 5% per annum from he expiration of the delay provided in article 1013. Neither the council nor any municipal officer can remit such interest.

However, any time before the tax accounts begin to be sent out, the council, as often as it considers it expedient, may, by resolution, enact a rate of interest different from the rate provided in the first paragraph. Subject to the third paragraph, the decision of the council shall be effective only in respect of taxes shown in an account clearly stating the rate thus enacted. The resolution of the council shall remain in force until it is revoked.

Once only in each fiscal period, the council may by resolution order the rate of interest fixed by it pursuant to the second paragraph applied also to the principal of taxes unpaid before the beginning of that fiscal period, for the duration of that period and every subsequent period for which the council does not fix a different rate by virtue of this paragraph. However, it does not apply to the whole or any part of the principal of a tax paid between the beginning of the fiscal period and the date of passage of the resolution. The secretary-treasurer shall give public notice of the passage of the resolution.

When the Council has passed a resolution allowing a discount, under article 1007, the interest shall run only from the expiration of the term fixed for benefitting from such discount.

M.C. 1916, a. 687; 1937, c. 59, s. 2; 1950, c. 74, s. 9; 1968, c. 85, s. 2; 1968, c. 86, s. 39; 1975, c. 82, s. 30; 1982, c. 63, s. 58.