jswizzle3737/ontario_laws_and_regs huggingface dataset:
4. (1) Sections 5 and 6 do not apply to a residential or farm property unless the realty tax differential pertaining to the property, as determined under clause 3 (1) (a), is greater than 10 per cent of the 1993 residential tax responsibility on the property and not less than $200. (2) Sections 5 and 6 do not apply to a commercial or industrial property unless the realty tax differential pertaining to the property, as determined under clause 3 (1) (b), is greater than 30 per cent of the 1993 commercial tax responsibility on the property and not less than $500. (3) Sections 5 and 6 do not apply to a business unless the business tax differential pertaining to the business, as determined under clause 3 (1) (c), is greater than 30 per cent of the 1993 business tax responsibility on the business and not less than $500. O. Reg. 291/94, s. 4.
7. (1) For the purposes of calculating a realty tax differential under clause 3 (1) (a), if a residential or farm property in the special area is subject to a commercial mill rate for purposes of taxation in 1994, the property shall continue to be treated as a residential or farm property except that for the portion of the assessment subject to a commercial mill rate, (a) the mill rate set out in clause 3 (1) (b) shall be substituted for the mill rate set out in clause 3 (1) (a); and (b) the 1993 residential tax responsibility shall be determined by applying the 1993 commercial mill rate applicable in the determination of the 1993 commercial tax responsibility for a commercial or industrial property in the land annexed to the City of London under clause 2 (1) (a) of the Act. (2) For the purposes of calculating a realty tax differential under clause 3 (1) (b), if a commercial or industrial property in the special area is subject to a residential mill rate for purposes of taxation in 1994, the property shall continue to be treated as a commercial or industrial property except that for the portion of the assessment subject to a residential mill rate, (a) the mill rate set out in clause 3 (1) (a) shall be substituted for the mill rate set out in clause 3 (1) (b); and (b) the 1993 commercial tax responsibility shall be determined by applying the 1993 residential mill rate applicable in the determination of the 1993 residential tax responsibility for a residential property in the land annexed to the City of London under clause 2 (1) (a) of the Act. O. Reg. 818/94, s. 5.
8. In any year, where the amount of tax assistance provided under subsections 5 (3) and (4) exceeds the amount of the eligible maximum tax adjustments added under section 13, the difference shall be charged to the general funds of The Corporation of the City of London in that year. O. Reg. 346/94, s. 4.
9. (1) Despite this Regulation, if a change of use or character of a property in the special area occurs after this Regulation comes into force, the phase-in under this Part of the real property taxes on the property and of the business taxes with respect to a business located on the property ceases effective January 1 of the year following the year in which the change occurred. O. Reg. 291/94, s. 9 (1); O. Reg. 346/94, s. 5. (2) For the purpose of subsection (1), “change of use or character of a property” means, (a) the reclassification of the property from one assessment property class to another, or (b) an improvement to the property that has the effect of increasing the assessed value of the property by at least 25 per cent. O. Reg. 291/94, s. 9 (2). PART II (SS. 10.-15.)REVOKED: O. REG. 360/96, S. 2.