Part 10 — Taxation Division 1 General Provisions
359.1 Alberta School Foundation Fund requisitions
requisition" means a requisition referred to in section 326(1)(a)(ii).
(2) In 1995 and subsequent years, when an Alberta School
Foundation Fund requisition applies only to
(a) one of the assessment classes referred to in section 297,
(b) a combination of the assessment classes referred to in
section 297, or
(c) designated industrial property,
the revenue needed to pay it must be raised by imposing a tax
under this Division only in respect of property to which that one
assessment class has been assigned, property to which any
assessment class in that combination has been assigned or
designated industrial property, as the case may be.
(3) Despite subsection (2), if a council has passed bylaws under
sections 364(1.1) and 371, the council may apply an appropriate
amount received under the business tax to the payment of the
Alberta School Foundation Fund requisition on the non-residential
assessment class referred to in section 297 to offset the increase in
the tax rate applicable to that class that would otherwise result.
(4) The tax rate required to raise the revenue needed to pay the
Alberta School Foundation Fund requisition
(a) must be the same within the assessment class to which the
requisition applies if it applies to only one class,
RSA 2000
(b) must be the same for all a ssessment classes that are to be
combined if the requisition applies to a combination of
assessment classes, and
(c) must be the same for all designated industrial property.
(5), (6) Repealed by Revision.
(7) In calculating the tax rate required to raise sufficient revenue to
pay an Alberta School Foundation Fund requisition, a municipality
(a) must not include the allo wances referred to in section
359(2),
(b) may impose a separate tax t o raise the revenue to pay for the
allowances referred to in section 359(2), and
(c) may include the amounts referred to in section 359(3).
(8) Section 354 does not apply to tax rates required to raise
revenue needed to pay an Alberta School Foundation Fund
requisition.
RSA 2000 cM-26 s359.1;2016 c24 s135;2017 c13 s1(32)