Dedicated Funding for Public Transportation Act, 2013, S.O. 2013, c. 2, Sched. 3

• Jurisdiction: Ontario

Dedicated Funding for Public Transportation Act, 2013

S.o. 2013, chapter 2
Schedule 3

Consolidation Period: From May 18, 2023 to the e-Laws currency date.

Last amendment: 2023, c. 8, Sched. 1.

Dedicated portion of gasoline tax

1. (1) A portion of the tax that is paid to Ontario under the Gasoline Tax Act in each fiscal year is dedicated to the provision of grants to municipalities for public transportation. 2013, c. 2, Sched. 3, s. 1 (1).

Amount

(2) The portion of the tax that is dedicated to that purpose in each fiscal year that begins on or after April 1, 2013 is the amount calculated by multiplying 2 cents by the number of litres of gasoline on which tax was paid during the previous fiscal year, that number being the number determined by dividing the total revenue from gasoline tax for that fiscal year, as reported in the Public Accounts, by the tax rate per litre of...