Regulation - Minister

Proposed amendment to Ontario Regulation 124/99 made under the Electricity Act, 1998 (Transfer Tax on Municipal Electricity Utility)

Regulation Number(s):
124/99
Instrument Type:
Regulation - Minister
Bill or Act:
Electricity Act, 1998
Summary of Decision:
The amendments to Ontario Regulation 124/99 made under the Electricity Act, 1998 implement the 2015 Budget proposal to provide time-limited relief on taxes pertaining to transfers of electricity assets for all Municipal Electricity Utilities (MEUs), including transfers to the private sector, for the period beginning January 1, 2016, and ending December 31, 2018 by reducing the transfer tax rate from 33 to 22 per cent, and exempting municipal electricity utilities with fewer than 30,000 customers from the transfer tax.
Further Information:
Click to open  Proposed amendment to Regulation 124/99    (Download Adobe Reader)
Click to open Electricity Act, 1998
Click to open O. Reg. 124/99: Transfer Tax On Municipal Electricity Property
Click to open O. Reg. 110/16 as filed, amends O. Reg. 124/99
Proposal Number:
15-MOF023
Posting Date:
September 18, 2015
Summary of Proposal:
The proposed amendments to Ontario Regulation 124/99 made under the Electricity Act, 1998 are required to implement the 2015 Budget proposal to provide time-limited relief on taxes pertaining to transfers of electricity assets for all Municipal Electricity Utilities (MEUs), including transfers to the private sector, for the period beginning January 1, 2016, and ending December 31, 2018 by reducing the transfer tax rate from 33 to 22 per cent, and exempting municipal electricity utilities with fewer than 30,000 customers from the transfer tax.
Contact Address:
Clarence Tong
Corporate and Commodity Taxation Branch
Frost Bldg N
2nd Flr
95 Grosvenor St
Toronto ON M7A1Z1
Effective Date:
April 23, 2015
Decision:
Approved

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