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"Extension of Linear Property Regulation "

Extension of Linear Property Regulation

The Extension of Linear Property Regulation defines electric power generation plants that have the ability to sell power as linear property for assessment and taxation purposes. Without this regulation electric power generating plants would no longer meet the definition of linear property in section 284(1)(k)(i) of the Municipal Government Act. Without this regulation these properties would meet the machinery and equipment standard for regulated property assessment and municipalities would be required to prepare the annual assessments instead of the provincial Designated Linear Assessor. This regulation works in conjunction with the Electric Energy Generation Exemption Regulation (AR205/2012). These two regulations were implemented to provide an incentive to attract new investors into the power generation market and to encourage power production for the province.
 
    Chapter/Regulation: 207/2012
    Status: Office Consolidation
    Related Act
    Ministry Responsible: Municipal Affairs
    Current to 45/2014
    Item/ISBN#: 9780779779178
    Pages 1
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