F-4.01 - Act to establish the special local activities financing fund

Section 7 Disposition versions

2000-12-20

7. The Minister of Revenue shall pay into the fund, for each of the years 1998 to 2000, out of the revenues under section 230 of the Act respecting municipal taxation (chapter F‐2.1) collected by the Minister in the 12‐month period before 1 July, hereinafter called the “reference period for the year”, a sum that is the total obtained by adding $16,100,000 and the amount by which the revenues collected in the reference period for the year 1998 exceed the revenues collected during the reference period for the year 1997.

For the purpose of establishing the gross amount to be apportioned for a municipal fiscal year, within the meaning of the Regulation respecting the apportionment of revenues from the tax paid by operators of certain systems (Order in Council 1088‐92 of 22 July 1992), the sum to be paid by the Minister of Revenue into the fund for the year corresponding to the fiscal year shall be subtracted, as in the case of the sums withheld under the second paragraph of section 230 of the Act respecting municipal taxation, from the revenues collected during the reference period for the year.

1997, c. 92, s. 7; 2000, c. 54, s. 94.

1997-12-19

7. The Minister of Revenue shall pay into the fund, for each of the years 1998 and 1999, as well as for the year 2000 if the Government makes the contribution fixed under sections 4 and 5 applicable for that year, out of the revenues under section 230 of the Act respecting municipal taxation (chapter F‐2.1) collected by the Minister in the 12‐month period before 1 July, hereinafter called the “reference period for the year”, a sum that is the total obtained by adding $16,100,000 and the amount by which the revenues collected in the reference period for the year 1998 exceed the revenues collected during the reference period for the year 1997.

For the purpose of establishing the gross amount to be apportioned for a municipal fiscal year, within the meaning of the Regulation respecting the apportionment of revenues from the tax paid by operators of certain systems (Order in Council 1088‐92 of 22 July 1992), the sum to be paid by the Minister of Revenue into the fund for the year corresponding to the fiscal year shall be subtracted, as in the case of the sums withheld under the second paragraph of section 230 of the Act respecting municipal taxation, from the revenues collected during the reference period for the year.

1997, c. 92, s. 7.