An Act respecting the Reena Foundation — Private Bill PR17 (37th Parliament, 3rd Session)

Bill PR17, 37-3

Ontario — Bills

3RD SESSION, 37TH LEGISLATURE, ONTARIO ELIZABETH II, 2002 Bill Pr17

An Act respecting the Reena Foundation Mr. Arnott Private Bill 1st Reading December 9, 2002 2n d Reading 3r d Reading Royal Assent Printed by the Legislative Assembly of Ontario Bill Pr17

An Act respecting the Reena Foundation

Preamble The board of directors of the Reena Foundation (the “Foundation”) and the board of directors of On- tario Ltd. (the “numbered company”) have applied for special legislation to exempt certain land from taxation for municipal and school purposes beginning in while the land is used for a specified purpose and to can- cel the taxes for municipal and school purposes that were payable from to 2002.

The applicants represent that the Foundation was incorporated under the Corporations Act by letters patent dated June 12, 1973 and that it is a registered charitable organization within the meaning of the Income Tax Act (Canada). The applicants also repre- sent that the numbered comp any was incorporated under the Business Corporations Act by letters patent dated June 13, 1994, and that it has a freehold interest in the land.

The applicants repr esent that the Foundation leases the land from the numbered company, and that the Founda- tion has operated a facility known as the Toby and Henry Battle Developmental Centre on the land since March 1997. It is appropriate to grant the application. Therefore, Her Majesty, by and with the advice and con- sent of the Legislative Assembly of the Province of On- tario, enacts as follows: Definition 1. In this Act, “specified property” means th e land, as defined in the Assessment Act, municipally known as Clark Ave- nue in the City of Vaughan. Tax exemption 2.

Beginning on January 1, 2003, the specified prop- erty is exempt from taxation for municipal and school purposes, (

a) if the specified property is occupied and used solely for the purposes of the Toby and Henry Bat- tle Developmental Centre operated by the Founda- tion; and (

b) if the Foundation is a registered charity within the meaning of the Income Tax Act (Canada). Tax cancellation, 1999 to 2002 3.

(1) The taxes on the specified property that were payable for municipal and school purposes for 1999, 2000, 2001 and are hereby cancelled. Chargeback

(2) Section 421 (where deficiency occurs) of the Mu- nicipal Act and

section 353 (taxes collected on behalf of other bodies) of the Municipal Act, 2001 apply, with necessary modifications, to taxes cancelled by subsection (1). Commencement 4. This Act comes into force on the day it receives Royal Assent.

Short title 5. The

short title of this Act is the Reena Foundation Act, 2002. ______________ EXPLANATORY NOTE The purpose of the Bill is set out in the

Preamble.

Document details

Collection	Ontario — Bills
Citation	Bill PR17, 37-3
Type	bill
Volume / chapter	p37 s3 bill pr17 bill text 37 3 en pr017.pdf
Language	en
Format	json
Source	PROVINCIAL
Identifier	8b6c56bca43af9ac40eb07e55bdb31a4089c85ad

Source file is stored in the law ingest library (json).