R-20.1 - Act respecting property tax refund

Section 1.3 Disposition versions

2009-06-04

1.3. Each of the amounts referred to in the third paragraph shall, where it is to be used for a year subsequent to the taxation year 2004, be adjusted annually in such a manner that the amount used for that taxation year is equal to the total of the amount used for the preceding year and the product obtained by multiplying that amount so used by the factor determined by the formula

(A / B) - 1.

In the formula provided for in the first paragraph,

(a)  A is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the year preceding that for which an amount is to be adjusted; and

(b)  B is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the year immediately before the year preceding that for which the amount is to be adjusted.

The amounts to which the first and sixth paragraphs refer are

(a)  the amount of $27,635 mentioned in section 1;

(b)  the amount of $1,365 mentioned in section 7; and

(c)  the amount of $455, wherever it is mentioned in section 7.1.

For the purposes of the first paragraph, where the factor determined by the formula provided for in that paragraph is less than zero, it is deemed to be equal to zero.

If the factor determined by the formula in the first paragraph has more than four decimal places, only the first four decimal digits are retained and the fourth is increased by one unit if the fifth is greater than 4.

In addition, for the purposes of the first paragraph in respect of an amount to be used for the year 2005, each of the amounts referred to in the third paragraph is deemed to be the amount used for the year 2004.

2001, c. 51, s. 252; 2005, c. 1, s. 341; 2009, c. 5, s. 594; 2009, c. 15, s. 480.

2009-05-15

1.3. Each of the amounts referred to in the third paragraph shall, where it is to be used for a year subsequent to the taxation year 2004, be adjusted annually in such a manner that the amount used for that taxation year is equal to the total of the amount used for the preceding year and the product obtained by multiplying that amount so used by the factor determined by the formula

(A / B) - 1.

In the formula provided for in the first paragraph,

(a)  A is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the year preceding that for which an amount is to be adjusted; and

(b)  B is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the year next before the year preceding that for which the amount is to be adjusted.

The amounts to which the first and sixth paragraphs refer are

(a)  the amount of $27,635 mentioned in section 1;

(b)  the amount of $1,365 mentioned in section 7; and

(c)  the amount of $455, wherever it is mentioned in section 7.1.

For the purposes of the first paragraph, where the factor determined by the formula provided for in that paragraph is less than zero, it is deemed to be equal to zero.

If the factor determined by the formula in the first paragraph has more than four decimal places, only the first four decimal digits are retained and the fourth is increased by one unit if the fifth is greater than 4.

In addition, for the purposes of the first paragraph in respect of an amount to be used for the year 2005, each of the amounts referred to in the third paragraph is deemed to be the amount used for the year 2004.

2001, c. 51, s. 252; 2005, c. 1, s. 341; 2009, c. 5, s. 594.

2005-03-17

1.3. Each of the amounts referred to in the third paragraph shall, where it is to be used for a year subsequent to the taxation year 2004, be adjusted annually in such a manner that the amount used for that taxation year is equal to the total of the amount used for the preceding year and the product obtained by multiplying that amount so used by the factor determined by the formula

(A / B) - 1.

In the formula provided for in the first paragraph,

(a)  A is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the year preceding that for which an amount is to be adjusted; and

(b)  B is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the year next before the year preceding that for which the amount is to be adjusted.

The amounts to which the first and fifth paragraphs refer are

(a)  the amount of $27,635 mentioned in section 1;

(b)  the amount of $1,365 mentioned in section 7; and

(c)  the amount of $455, wherever it is mentioned in section 7.1.

For the purposes of the first paragraph, where the factor determined by the formula provided for in that paragraph is less than zero, it is deemed to be equal to zero.

In addition, for the purposes of the first paragraph in respect of an amount to be used for the year 2005, each of the amounts referred to in the third paragraph is deemed to be the amount used for the year 2004.

2001, c. 51, s. 252; 2005, c. 1, s. 341.

2001-12-20

1.3. Each of the amounts referred to in the third paragraph shall, where it is to be used for a year subsequent to the taxation year 2001, be adjusted annually in such a manner that the amount used for that taxation year is equal to the total of the amount used for the preceding year and the product obtained by multiplying that amount so used by the percentage determined by the formula

(A / B) - 1.

In the formula provided for in the first paragraph,

(a)  A is the average consumer price index for Québec for the 12-month period that ended on 30 September of the year preceding that for which an amount is to be adjusted;

(b)  B is the average consumer price index for Québec for the 12-month period that ended on 30 September of the year next before the year preceding that for which the amount is to be adjusted.

The amounts to which the first paragraph refers are

(a)  the amount of $26,000 mentioned in section 1;

(b)  the amount of $1,285 mentioned in section 7;

(c)  the amount of $430, wherever it is mentioned in section 7.1.

2001, c. 51, s. 252.