PART VIII MUNICIPAL TAXATION
313.
313 (1) The tax rates that would otherwise be levied for municipal purposes for the subclasses prescribed under subsection 8 (1) of the Assessment Act shall be reduced in accordance with the following rules: 1.  The tax rates that would otherwise be levied for municipal purposes for the subclasses prescribed under paragraph 1 of subsection 8 (1) of the Assessment Act
shall be reduced by the percentages prescribed by, or determined in accordance with, the regulations. 2.  The tax rates that would otherwise be levied for municipal purposes for the subclasses prescribed under subparagraph 2 i of subsection 8 (1) of the Assessment Act shall be reduced by 30 per cent or such other percentage prescribed by, or determined in accordance with, the regulations. 3.  The tax rates that would otherwise be levied for municipal purposes for the subclasses prescribed under subparagraph 2 ii of subsection 8 (1) of the Assessment Act shall be reduced by 35 per cent or such other percentage prescribed by, or determined in accordance with, the regulations. 4.  The tax rates that would otherwise be levied for municipal purposes for the subclasses prescribed under subparagraph 3 i of subsection 8 (1) of the Assessment Act shall be reduced by 30 per cent or such other percentage prescribed by, or determined in accordance with, the regulations. 5.  The tax rates that would otherwise be levied for municipal purposes for the subclasses prescribed under subparagraph 3 ii of subsection 8 (1) of the Assessment Act shall be reduced by 35 per cent or such other percentage prescribed by, or determined in accordance with, the regulations.  2001, c. 25, s. 313 (1); 2016, c. 5, Sched. 16, s. 1 (1); 2017, c. 8, Sched. 19, s. 3 (1, 2). Municipal option (1.1) Despite subsection (1), a municipality, other than a lower-tier municipality, may pass a by-law providing that instead of the percentages described in paragraph 2, 3, 4 or 5 of subsection (1), the tax rates shall be reduced by the percentages set out in the by-law. 2020, c. 36, Sched. 30, s. 1 (1). Same, maximum percentage (1.1.1) A by-law described in subsection (1.1) shall not provide for a percentage greater than 35 per cent for any subclass. 2020, c. 36, Sched. 30, s. 1 (1). Same (1.2) Despite subsection (1), a municipality, other than a lower-tier municipality, may pass a by-law providing for the application of a percentage within a range prescribed by, or determined in accordance with, the regulations instead of the percentage described in paragraph 1 of subsection (1). 2017, c. 8, Sched. 19, s. 3 (3); 2020, c. 36, Sched. 30, s. 1 (2). Same (1.2.1) If the Minister of Finance prescribes a range or a manner of determining a range of percentages with respect to a subclass described in paragraph 1 of subsection (1), but does not prescribe a percentage or manner of determining a percentage for the subclass for the purposes of paragraph 1 of subsection (1), and a municipality does not pass a by-law described in subsection (1.2) with respect to the subclass, the tax rate that would otherwise be levied for municipal purposes for the subclass shall be reduced by the highest percentage in the range prescribed by, or determined in accordance with, the regulation. 2017, c. 8, Sched. 19, s. 3 (3). Municipal option, specified tax rate reductions (1.3) Despite subsection (1), a municipality, other than a lower-tier municipality, (a)  may pass a by-law providing that a tax rate reduction in paragraph 2, 3, 4 or 5 of subsection (1) does not apply; and (b)  may, if authorized by the regulations, pass a by-law providing that a tax rate reduction in paragraph 1 of subsection (1) does not apply. 2020, c. 36, Sched. 30, s. 1 (3). Regulations (2) The Minister of Finance may make regulations, (a)  prescribing percentages or the manner of determining percentages for the purposes of subsection (1); (b)  prescribing ranges of percentages or the manner of determining ranges of percentages for the purposes of subsection (1.2); (c)  authorizing a municipality to pass a by-law referred to in subsection (1.3); (d)  imposing conditions on the ability of a municipality to pass a by-law referred to in this section. 2016, c. 37, Sched. 15, s. 4; 2017, c. 8, Sched. 19, s. 3 (5). (3) Repealed: 2017, c. 8, Sched. 19, s. 3 (6). (4) Repealed: 2016, c. 5, Sched. 16, s. 1 (4). Overlap with graduated tax rates (5) The Minister of Finance may make regulations governing the application of this section and section 314 and regulations or by-laws made under those sections in situations in which both of those sections, or the regulations or by-laws made under them, apply.  2001, c. 25, s. 313 (5). Section Amendments with date in force (d/m/y) 2016, c. 5, Sched. 16, s. 1 (1-4) - 19/04/2016; 2016, c. 37, Sched. 15, s. 4 - 08/12/2016 2017, c. 8, Sched. 19, s. 3 (1-6) - 17/05/2017 2020, c. 36, Sched. 30, s. 1 (1-3) - 08/12/2020