P-9.002 - Cultural Heritage Act

Full text
85. If a heritage property other than property described in subparagraph a of the third paragraph of section 232 of the Taxation Act (chapter I-3) is acquired by a museum established under the Act respecting the Montréal Museum of Fine Arts (chapter M-42) or the National Museums Act (chapter M-44) or by a certified archival centre or a recognized museum, within the meaning assigned to those expressions by section 1 of the Taxation Act, the council, in addition to its advisory responsibilities, must
(1)  determine, for the purposes of the second paragraph of section 232 of the Taxation Act and subdivision 2 of this division, whether the property was acquired in accordance with the acquisition and conservation policy of the purchaser and the directives of the Ministère de la Culture et des Communications; and
(2)  determine the fair market value of the heritage property when the property is acquired in the circumstances described in section 103.
2011, c. 21, s. 85.