An Act respecting Master’s College and Seminary — Private Bill PR3 (40th Parliament, 1st Session)

Bill PR3, 40-1

Ontario — Bills

1ST SESSION, 40TH LEGISLATURE, ONTARIO ELIZABETH II, 2012 Bill Pr3 (Chapter Pr2 Statutes of Ontario, 2012)

An Act respecting Master’s College and Seminary Mr. Leal 1st Reading February 28, 2012 2nd Reading June 11, 2012 3rd Reading June 11, 2012 Royal Assent June 19, 2012 Printed by the Legislative Assembly of Ontario Bill Pr3

An Act respecting Master’s College and Seminary

Preamble The board of governors of Master’s College and Seminary has applied for special legisla tion to exempt certain land from taxation for municipal and school purposes, other than local improvement rates, while the land is used for the purposes of Master’s College and Seminary beginning January 1, 2012 and to cancel the taxes for municipal and school purposes, other than local improvement rates, that were payable on the land for part of and for 2011.

The applicant represents that Master’s College and Seminary was incorporated by special legislation in under the name Eastern Pentecostal Bible College, that it was continued by special legislation in under the name Master’s College and Seminary and that the Act was amended in 2008. The applicant further represents that Master’s College and Seminary is a registered charity within the meaning of the Income Tax Act (Canada) and that Master’s College and Seminary occupies certain land leased by it. It is appropriate to grant the application.

Therefore, Her Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Ontario, enacts as follows: 1. The Master’s College and Seminary Act, 2001 is amended by adding the following section: Tax exemptions and cancellations – Peterborough property Municipal tax exemption by-law 9.2

(1) The council of the City of Peterborough may pass by-laws exempting the specified property from taxes for municipal purposes, other than local improvement rates, beginning January 1, 2012, if, (

a) the specified property is occupied and used solely for the purposes of Master’s College and Seminary; and (

b) Master’s College and Seminary is a registered charity within the meaning of the Income Tax Act (Canada). Municipal tax cancellation by-law

(2) If the council of the City of Peterborough passes a by-law under subsection (1), it may pass by-laws cancelling the taxes for municipal purposes, other than local improvement rates, including interest and penalties, on the specified property, (

a) for the period from August 1, 2010 to December 31, 2010; (

b) for the year 2011; and (

c) for any year or part of a year, (

i) to which the exemption applies, and (ii) for which taxes have been levied. School tax exemption

(3) If the council of the City of Peterborough passes a by-law under subsection (1), the specified property is also exempt from taxes for school purposes for the period for which the specified property is exempt from taxes for municipal purposes, other than local improvement rates, under the by-law. School tax cancellation

(4) If the council of the City of Peterborough passes a by-law under subsection (2), the taxes for school purposes on the specified property, including interest and penalties, are also cancelled for the period, years or part of a year for which the taxes for municipal purposes, other than local improvement rates, are cancelled. Chargeback

(5) Section 353 (taxes collected on behalf of other bodies) of the Municipal Act, 2001 applies to taxes cancelled by subsection (4). Definition

(6) In this section, “specified property” means th e land, as defined in the Assessment Act , municipally known as Argyle Street in the City of Peterborough and being part of the lands currently assessed as 1514050090013000000. Commencement 2. This Act comes into force on the day it receives Royal Assent.

Short title 3. The

short title of this Act is the Master’s College and Seminary Act (Tax Relief), 2012.

Document details

Collection	Ontario — Bills
Citation	Bill PR3, 40-1
Type	bill
Volume / chapter	p40 s1 bill pr3 bill text 40 1 en pr003ra.pdf
Language	en
Format	json
Source	PROVINCIAL
Identifier	9f6ef50ce2848f7c94b3cc5cd23ed0a614a563d0

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