jswizzle3737/ontario_laws_and_regs huggingface dataset:
Application
 1. (1) This Regulation applies with respect to taxes for school purposes on property in the commercial property class, the industrial property class and the multi-residential property class in territory without municipal organization that is not deemed to be attached to a municipality for the purposes of taxation. (2) This Regulation does not apply to, (a) property or a portion of the property to which a payment-in-lieu of taxes is required, other than property of a designated electricity utility within the meaning of subsection 19.0.1 (5) of the Assessment Act or of a corporation referred to in clause (d) of the definition of “municipal electricity utility” in section 88 of the Electricity Act, 1998; (b) despite clause (a), land, buildings and structures to which subsection 19.0.1 (1) of the Assessment Act applies; and (c) property classified in the residential property class, the farm property class, the managed forests property class or the pipe line property class. (3) This Regulation does not apply to a property for a taxation year if any of the following conditions are met: 1. The taxes for school purposes for the property in the previous year were equal to its uncapped taxes for the year. 2. As a result of the application of this Regulation, the taxes for school purposes for the property in the previous year were lower than the property’s uncapped taxes for that year but, in the current year, if this Regulation applied, the property’s taxes for school purposes would be equal to its uncapped taxes or a tax decrease for the property would be limited. 3. A tax decrease for the property in the previous year was limited under this Regulation, but, in the current year, if this Regulation applied, the property’s taxes for school purposes would be equal to its uncapped taxes or a tax increase for the property would be limited.
Interpretation
 2. (1) In this Regulation, “additional assessment” means one or more assessments made under section 33 or 34 of the Assessment Act; (“évaluation additionnelle”) “assessment” means the assessment of real property made under the Assessment Act, according to the last returned assessment roll; (“évaluation”) “commercial property class” means the commercial property class prescribed under the Assessment Act; (“catégorie des biens commerciaux”) “industrial property class” means the industrial property class prescribed under the Assessment Act; (“catégorie des biens industriels”) “multi-residential property class” means the multi-residential property class prescribed under the Assessment Act; (“catégorie des immeubles à logements multiples”) “previous year” means the year immediately preceding the taxation year; (“année précédente”) “property class” means a class of real property prescribed under the Assessment Act; (“catégorie de biens”) “taxation year” means, in respect of taxes for school purposes, the year for which the taxes are levied; (“année d’imposition”) “uncapped taxes” means, in respect of a taxation year, the amount of taxes for school purposes that would have been payable for the taxation year but for the application of this Regulation. (“impôts non plafonnés”) (2) If portions of a property are classified in different property classes on the assessment roll, each portion shall be treated as a separate property for the purposes of this Regulation.
Determination of taxes
  3. Except as provided in this Regulation, the taxes for school purposes for a year for a property to which this Regulation applies are determined in accordance with section 2 of the Provincial Land Tax Act, 2006 and Division B of Part IX of the Act.
Provision for recoveries
 5. (1) Subject to subsection (4), the Minister of Finance shall establish the percentage for limiting tax decreases in respect of properties in any property class subject to this Regulation for a taxation year, to provide for recovery of all or part of the revenues foregone in a year as a result of the application of section 4 to other properties in the property class. (2) The limit of tax decreases in subsection (1) applies to all properties in the property class whose taxes for school purposes for the previous year, as determined under subsection 4 (2), exceed their taxes for school purposes for the taxation year. (3) The amount recovered within each class within each school locality must be sufficient, but must not exceed the amount necessary, to provide for the revenue foregone as a result of the application of section 4 to properties in the property class. (4) The percentage established under subsection (1) is limited as follows: 1. Calculate the total revenues foregone as a result of the application of section 4 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 the previous year, as determined under subsection 4 (2), and the taxes for school purposes for those properties for the taxation year. 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. (5) The taxes for school purposes for the taxation year on a property to which this section applies are determined as follows: 1. Determine the taxes for school purposes for the property for the previous year under subsection 4 (2). 2. Determine the amount of the difference between the taxes for school purposes for the property for the previous year, as determined under paragraph 1, and the uncapped taxes for school purposes for the property for the taxation year. 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 the taxation year are equal to the uncapped taxes for the taxation year plus the amount determined under paragraph 3. (6) Despite subsection (5), if the amount determined under subsection (5) exceeds the uncapped taxes by less than $100, the taxes for school purposes for the taxation year for the property are equal to the uncapped taxes. (7) If an additional assessment is made to a property that is subject to this section that increases the assessment of that property for the taxation year, subsection (5) does not apply to the additional taxes for school purposes for the year attributable to the additional assessment.
Provision for recoveries
 6. Omitted (revokes other Regulations).
Provision for recoveries
 7. Omitted (provides for coming into force of provisions of this Regulation).   Français