PART IX FINANCE
Requisitions for amounts on business property
257.12.1 (1) The Minister of Finance may requisition amounts for a year from an upper-tier municipality or a single-tier municipality to be raised by levying tax rates on business property, other than property taxed under section 315 of the Municipal Act, 2001 or section 280 of the City of Toronto Act, 2006, as the case may be.  1998, c. 3, s. 34 (7); 2002, c. 17, Sched. F, Table; 2006, c. 32, Sched. C, s. 15 (23). Contents of requisition (2) The requisition shall specify an amount to be raised on each of the following: 1. The commercial classes. 2. The industrial classes. 3. The pipe line property class prescribed under the
Assessment Act.  1998, c. 3, s. 34 (7). Setting of tax rates, upper-tiers (3) The council of an upper-tier municipality that is requisitioned shall, for the purposes of raising the amounts requisitioned, pass a by-law directing the council of each lower-tier municipality to levy tax rates, as specified in the by-law, on the assessment in the lower-tier municipality rateable for school purposes.  1998, c. 3, s. 34 (7). When rates set (4) A by-law required under subsection (3) shall be passed on or before the date by which the council of the upper-tier municipality must pass the upper-tier rating by-law for the year.  1998, c. 3, s. 34 (7). Setting of tax rates, single-tiers (5) The council of a single-tier municipality that is requisitioned shall, for the purposes of raising the amounts requisitioned, pass a by-law levying tax rates, as specified in the by-law, on the assessment in the municipality rateable for school purposes.  1998, c. 3, s. 34 (7). When rates set (6) A by-law required under subsection (5) shall be passed on or before the day the council passes the by-law for the year under subsection 312 (2) of the Municipal Act, 2001 or subsection 277 (2) of the City of Toronto Act, 2006, as the case may be.  1998, c. 33, s. 43 (1); 2002, c. 17, Sched. F, Table; 2006, c. 32, Sched. C, s. 15 (24). Note:  The amendments made by the Statutes of Ontario, 1998, chapter 33 apply, except where the context otherwise requires, with respect to the entire 1998 taxation year not just that portion of it that follows December 18, 1998.  See:  1998, c. 33, s. 47 (1). Restrictions on tax rates (7) The following apply with respect to the tax rates specified in a by-law under subsection (3) or (5): 1. The rates shall be set so that, when levied on the applicable assessment, i. the amount that the requisition requires to be raised on the commercial classes is raised from the commercial classes, ii. the amount that the requisition requires to be raised on the industrial classes is raised from the industrial classes, and iii. the amount that the requisition requires to be raised on the pipe line property class is raised from the pipe line property class. 2. There shall be a single rate for each class of real property prescribed under the Assessment Act. 3. If there are two or more commercial classes, the rates for the commercial classes must be in the same proportion to each other as the tax ratios established under sections 308, 309 and 310 of the Municipal Act, 2001 or section 275 of the City of Toronto Act, 2006, as the case may be, for the classes are to each other. 4. If there are two or more industrial classes, the rates for the industrial classes must be in the same proportion to each other as the tax ratios established under sections 308, 309 and 310 of the Municipal Act, 2001 or section 275 of the City of Toronto Act, 2006, as the case may be, for the classes are to each other.  1998, c. 3, s. 34 (7); 2002, c. 17, Sched. F, Table; 2006, c. 32, Sched. C, s. 15 (25, 26). Tax rates deemed to be prescribed (8) The tax rates specified in a by-law under subsection (3) or (5) shall be deemed to be tax rates prescribed by the Minister of Finance under clause 257.12 (1) (b).  1998, c. 3, s. 34 (7). Graduated tax rates (9) Subsections 314 (4) and (6) of the Municipal Act, 2001 and the regulations made under clauses 314 (5) (b) and (c) of that Act and subsections 279 (3) and (5) of the City of Toronto Act, 2006 and the regulations made under clauses 279 (4) (b) and (c) of that Act, as the case may be, apply with necessary modifications to the tax rates specified in a by-law under subsection (3) or (5).  2006, c. 32, Sched. C, s. 15 (27). Subclass tax reductions (10) Section 313 of the Municipal Act, 2001 or section 278 of the City of Toronto Act, 2006, as the case may be, applies, with necessary modifications, with respect to the tax rates specified in a by-law under subsection (3) or (5).  1998, c. 3, s. 34 (7); 2002, c. 17, Sched. F, Table; 2006, c. 32, Sched. C, s. 15 (28). Definitions (11) In this section, “commercial classes” has the same meaning as in subsection 308 (1) of the Municipal Act, 2001 or subsection 275 (1) of the City of Toronto Act, 2006, as the case may be; (“catégories commerciales”) “industrial classes” has the same meaning as in subsection 308 (1) of the Municipal Act, 2001 or subsection 275 (1) of the City of Toronto Act, 2006, as the case may be. (“catégories industrielles”)  2006, c. 32, Sched. C, s. 15 (29). Section Amendments with date in force (d/m/y) 1997, c. 31, s. 113 (2) - 01/01/1998; 1998, c. 3, s. 34 (7) - 11/06/1998; 1998, c. 33, s. 43 (1) - 18/12/1998 2002, c. 17, Sched. F, Table - 01/01/2003 2006, c. 32, Sched. C, s. 15 (23-29) - 01/01/2007