I-3 - Taxation Act

Section 1175.39 Disposition versions

2022-06-08

1175.39. The following operators are exempt from the public utility tax for a particular calendar year:

(a)  a municipality; and

(b)  a corporation all of the shares of the capital stock of which, or a partnership all of the interests in which, are held, throughout its last fiscal period that ended in the calendar year that precedes the particular calendar year, by

i.  a municipality,

ii.  a corporation all of the shares of the capital stock of which are held, directly or indirectly through one or more corporations or partnerships, by a municipality, or

iii.  a partnership all of the interests in which are held, directly or indirectly through one or more corporations or partnerships, by a municipality.

2005, c. 23, s. 261; 2022, c. 23, s. 154.

2006-03-01

1175.39. A municipality is exempt from the public utility tax.

2005, c. 23, s. 261.