Part 10 — Taxation Division 1 General Provisions
376 Exemption when tax is payable under Division 2
located on premises occupied for the purposes of a business and a
property tax has been imposed in respect of the machinery and
equipment or linear property under Division 2 of this Part in any
year, the premises on which that property is located are exempt
from taxation under this Division in that year.
(2) If in any year the activities that result from the operation of the
machinery and equipment or linear property are not the chief
business carried on at the premises, the premises on which that
property is located are not exempt from taxation under this
Division in that year.
1994 cM-26.1 s376