hordruma/ontario_laws_and_regs huggingface dataset:
Provision for recoveries
 22. (1) Subject to subsection (4), the levying board shall establish the percentage to limit the tax decreases in 2001 in respect to properties in any property class subject to this Part, to provide for recovery of all or part of the revenues foregone as a result of the application of section 21 to other properties in the property class.  O. Reg. 3/02, s. 22 (1). (2) The limit of tax decreases in subsection (1) applies to all properties in the property class whose taxes for school purposes for 2000, as determined under subsection 21 (2), exceed their taxes for school purposes for 2001.  O. Reg. 3/02, s. 22 (2). (3) The amount recovered within each property class, within each school locality must be sufficient, but must not exceed the amount necessary to provide for the revenues foregone as a result of the application of section 21 to properties in the property class.  O. Reg. 3/02, s. 22 (3). (4) The percentage established under subsection (1) is limited as follows: 1. Calculate the total revenues foregone as a result of the application of subsection 21 to properties in the property class. 2. Calculate the total difference between the taxes for school purposes for all properties in the property class referred to in subsection (2) for 2000, as determined under subsection 21 (2), and the taxes for school purposes for those properties for 2001. 3. Calculate the percentage of the amount determined under paragraph 2 that would yield sufficient revenues to recover all of the foregone revenues calculated under paragraph 1. 4. The percentage established under paragraph 3 must not exceed 100 per cent.  O. Reg. 3/02, s. 22 (4). (5) The taxes for school purposes for 2001 on a property to which this section applies are determined as follows: 1. Determine the taxes for school purposes for the property for 2000 under subsection 21 (2). 2. Determine the amount of the difference between the taxes for school purposes for the property for 2000, as determined under paragraph 1 and the uncapped 2001 taxes for school purposes for the property. 3. Multiply the percentage established under this section for the property class the property is in, by the amount determined under paragraph 2. 4. The taxes for school purposes for 2001 are equal to the uncapped 2001 taxes for the property plus the amount determined under paragraph 3.  O. Reg. 3/02, s. 22 (5). (6) If an additional assessment is made to a property subject to this section that increases the assessment of that property for 2001, subsection (5) does not apply to the additional taxes for school purposes for the year attributable to the additional assessment.  O. Reg. 3/02, s. 22 (6).