8 (1) For the purposes of providing tax reductions, the Minister shall prescribe the following subclasses of real property for land located in municipalities: 1.  Up to three subclasses for farm land awaiting development for each of the following classes of real property, i.  the residential property class, ii.  the multi-residential property class, iii.  the commercial property class, iv.  the industrial property class. 2.  A subclass for vacant land for each of the following classes of real property, i.  the commercial property class and such other classes of real property prescribed by the Minister for the purposes of this subparagraph, ii.  the industrial property class and such other classes of real property prescribed by the Minister for the purposes of this subparagraph. 3.  A subclass for excess land for each of the following classes of real property, i.  the commercial property class and such other classes of real property prescribed by the Minister for the purposes of this subparagraph, ii.  the industrial property class and such other classes of real property prescribed by the Minister for the purposes of this subparagraph.  1997, c. 29, s. 5; 1998, c. 3, s. 2; 2000, c. 25, s. 3 (1); 2002, c. 22, s. 4; 2006, c. 33, Sched. A, s. 8 (1). Same (1.1) The Minister may also prescribe additional subclasses of real property for land located in municipalities. 2017, c. 8, Sched. 2, s. 3. Same (2) The Minister may also prescribe a subclass for eligible theatres for the commercial property class for the City of Toronto.  1997, c. 29, s. 5; 2006, c. 32, Sched. C, s. 2 (5). Same, non-municipal territory (2.1) For the purposes of providing tax reductions, the Minister may prescribe subclasses of real property for land located in non-municipal territory.  2006, c. 33, Sched. A, s. 8 (2). Discretion not affected (3) Nothing in subsection (1), (1.1), (2) or (2.1) restricts the discretion of the Minister to define what is included in a subclass.  1997, c. 29, s. 5; 2006, c. 33, Sched. A, s. 8 (3); 2018, c. 8, Sched. 1, s. 4. Excess land (4) The subclasses for excess land shall be prescribed so that they consist of those portions of properties that are excess land as prescribed under this section and subsection 14 (5) applies to those portions.  2000, c. 25, s. 3 (2). Transition (4.1) Subsection (4) and paragraph 3 of subsection (1) apply with respect to 2001 and subsequent taxation years but those provisions as they read before the coming into force of section 3 of the Continued Protection for Property Taxpayers Act, 2000 apply with respect to the 2000 taxation year.  2000, c. 25, s. 3 (2). Application, etc., may be required (5) A subclass may be prescribed so as to require, as a condition of land being in the subclass, that an application be made in respect of the land or that information in respect of the land be given to the assessment corporation.  1997, c. 29, s. 5; 1997, c. 43, Sched. G, s. 18 (7). Section Amendments with date in force (d/m/y) 1997, c. 29, s. 5 - 01/12/1997; 1997, c. 43, Sched. G, s. 18 (7) - 31/12/1998; 1998, c. 3, s. 2 (1, 2) - 11/06/1998 2000, c. 25, s. 3 (1, 2) - 01/01/2001 2002, c. 22, s. 4 - 01/01/2003 2006, c. 32, Sched. C, s. 2 (5) - 01/01/2007; 2006, c. 33, Sched. A, s. 8 (1-3) - 20/12/2006 2017, c. 8, Sched. 2, s. 3 - 17/05/2017 2018, c. 8, Sched. 1, s. 4 - 08/05/2018