PAYMENTS IN LIEU (SECTION 92 OF THE ACT) RE GENERATING AND TRANSFORMER STATIONS, O. Reg. 423/11

• Jurisdiction: Ontario

ELECTRICITY ACT, 1998
LOI DE 1998 SUR L’ÉLECTRICITÉ

ONTARIO REGULATION 423/11

PAYMENTS IN LIEU (SECTION 92 OF THE ACT) RE GENERATING AND TRANSFORMER STATIONS

Consolidation Period: From January 1, 2013 to the e-Laws currency date.

Last amendment: O. Reg. 423/11.

This Regulation is made in English only.

Determining Assessed Value
(Clause 92 (1) (a) of the Act)

Prescribed amounts re generating station buildings or structures

1. For 2011 and subsequent taxation years, the following amounts are prescribed for the purposes of clause 92 (1) (a) of the Act with respect to the determination of the assessed value of the land on which are situated generating station buildings or structures:

1. For generating station buildings or structures owned by Ontario Power Generation Inc. or any of its subsidiaries, the amount set out in Table 1 opposite the roll number and subordinate roll number for the property on which they are located.

2. For generating station buildings or structures owned by a municipal electricity utility, the amount set out in Table 2 opposite the roll number and subordinate roll number for the property on which they are located. O. Reg. 423/11, s. 1.

Prescribed amounts re transformer station buildings or structures

2. For 2011 and subsequent taxation years, the following amounts are prescribed for the purposes of clause 92 (1) (a) of the Act with respect to the determination of the assessed value of the land on which are situated transformer station buildings or structures:

1. For transformer station buildings or structures owned by Ontario Power Generation Inc. or any of its subsidiaries, the amount set out in Table 3 opposite the roll number and subordinate roll number for the property on which they are located.

2. For transformer station buildings or structures owned by Hydro One Inc. or any of its subsidiaries, the amount set out in Table 4 opposite the roll number and subordinate roll number for the property on which they are located.

3. For transformer station buildings or structures owned by a municipal electricity utility other than Toronto Hydro Corporation, the amount set out in Table 5 opposite the roll number and subordinate roll number for the property on which they are located.

4. For transformer station buildings or structures owned by Toronto Hydro Corporation, the amount set out in Table 6 opposite the roll number and subordinate roll number for the property on which they are located. O. Reg. 423/11, s. 2.

3. Revoked: O. Reg. 423/11, s. 14.

Returns

Returns

4. (1) For 2011 and subsequent taxation years, the following entities shall file a return with the Minister of Revenue on or before October 16 of the year:

1. Ontario Power Generation Inc. and each of its subsidiaries.

2. Hydro One Inc. and each of its subsidiaries.

3. Every municipal electricity utility. O. Reg. 423/11, s. 4 (1).

(2) The return must include the following information and documents with respect to the properties owned by the entity on which it is liable to make payments under subsection 92 (1) of the Act:

1. A copy of the municipal tax bill for each of the properties for the year and a copy of any notices for the payment of taxes given with respect to assessments under section 33 or 34 of the Assessment Act in the 12 months before the return is filed.

2. If a property is in unorganized territory within the jurisdiction of a school board,

i. for taxation years before 2009, a copy of the final notice issued by the school board under subsection 257.7 (1) of the Education Act for the property for the year and any notices for the payment of school taxes given with respect to assessments under section 33 or 34 of the Assessment Act in the 12 months before the filing of the return, and

ii. for 2009 and subsequent taxation years, a copy of the tax bill issued by the Minister under section 6 of the Provincial Land Tax Act, 2006 for the property for the year and any notices for the payment of school taxes given with respect to assessments under section 33 or 34 of the Assessment Act in the 12 months before the filing of the return.

3. An itemized account of the amounts payable under subsection 92 (1) of the Act for each of the properties, including,

i. the roll number and subordinate roll number for the property,

ii. the inside ground floor area of each building or structure on the property, in square metres,

iii. the amount payable under clause 92 (1) (a) of the Act for the property,

iv. the amount payable under...