Master's College and Seminary Act, 2008 Delaney, Bob — Private Bill PR10 (39th Parliament, 1st Session)

Bill PR10, 39-1

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Bill PR10, Master's College and Seminary Act, 2008

Delaney, Bob

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Status

Original

Royal Assent

[39] Bill 10 Royal Assent (PDF)

Bill PR10 2008

An Act respecting Master's College and Seminary

Preamble

The

board of governors of Master's College and Seminary has applied for special

legislation 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 from January 1, 2008 to July 31, 2013

and to cancel the taxes for municipal and school purposes, other than local improvement

rates, that were payable on the land for part of 2003 and for 2004 to 2007.

The applicant represents that Master's College and Seminary was incorporated by

special legislation in 1983 under the name Eastern Pentecostal Bible College and that it was continued by special legislation in 2001 under the name Master's

College and Seminary. 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.

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

Municipal tax exemption by-law

9.1

(1) The council of the

City of Toronto may pass by-laws exempting the specified property from taxes

for municipal purposes, other than local improvement rates, beginning January

1, 2008 and continuing to July 31, 2013, but only for so long as,

(

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) The council of the City of Toronto may pass by-laws

cancelling the taxes for municipal purposes, other than local improvement

rates, including interest and penalties, on the specified property for the

period from August 1, 2003 to December 31, 2003 and for the years 2004, 2005,

2006 and 2007.

School tax exemption

(3) If the council of the City of Toronto passes a by-law under subsection (1), the specified property is also exempt from

taxes for school purposes for the period for which the 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 Toronto 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 for which

the taxes for municipal purposes, other than local improvement rates, are

cancelled under the by-law.

Chargeback

(5) Sections 301 (adjustments) and 318 (taxes collected on

behalf of other bodies) of the City of Toronto Act, 200 6 apply, with necessary

modifications, to taxes cancelled under subsections (2) and (4).

Definition

(6) In this section,

"specified

property" means the lands and premises used and occupied by Master's College

and Seminary at 3080 Yonge Street in the City of Toronto, being part of the

lands currently assessed as 1904116010059000000.

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, 2008 .

[39] Bill 10 Original (PDF)

Bill PR10 2008

Act respecting Master's College and Seminary