Bill 179 explained in plain English
Assessment Amendment Act (Areas in Transition), 2020
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 42nd Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
This Bill amends the Assessment Act to exclude speculative property sales from the calculation of current land value for commercial and industrial properties located in designated "areas in transition" within municipalities.
Bill 179, the Assessment Amendment Act (Areas in Transition), 2020, proposes to change how the current value of land is determined for assessment purposes in Ontario. Specifically, it aims to exclude speculative sales of properties when calculating the current value of land if the land is classified as commercial or industrial, located in an "area in transition," and identified by a municipal by-law as being subject to this provision. The bill also defines "area in transition" and "speculative sales of property" and allows the Minister to prescribe criteria for these definitions through regulations. The Act would come into force on a date proclaimed by the Lieutenant Governor.
- It amends the Assessment Act to change how the current value of land is determined.
- It excludes speculative sales of properties from this determination under specific conditions.
- It defines "area in transition" and "speculative sales of property" for the purposes of the Act.
- It gives the Minister the power to create regulations prescribing criteria for these definitions.
- It states that the Act comes into force on a day proclaimed by the Lieutenant Governor.
- Owners of commercial or industrial properties located in areas identified by a municipality as an "area in transition" experiencing speculative sales.
- Municipalities that may pass by-laws to identify areas subject to these provisions.
- The Minister of Finance (or relevant Minister) who may make regulations.
- For properties meeting specific criteria (commercial/industrial class, in an area in transition, identified by municipal by-law), speculative sales of properties must not be considered when determining the current value of the land for assessment purposes.
- This Act comes into force on a day named by proclamation of the Lieutenant Governor.
- The bill could affect property assessment values, which may have implications for property taxes, although specific financial impacts are not detailed in the provided text.
- No specific enforcement mechanisms or penalties are detailed in the provided text of the bill.
- The exact criteria for 'area in transition' and 'speculative sales of property' are not defined in the bill itself but will be prescribed by regulations made by the Minister.
- The timing of when the Act comes into force is dependent on a proclamation by the Lieutenant Governor.
This bill amends section 19 of the Assessment Act to add new subsections that specify how the current value of land should be determined in certain circumstances.
Source: Section 1
This bill adds definitions for 'area in transition' and 'speculative sales of property' to the Assessment Act.
Source: Section 1 (1.2)
This bill allows the Minister to make regulations that prescribe criteria for the definitions of 'area in transition' and 'speculative sales of property'.
Source: Section 1 (1.3)
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
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Vote Summary
This bill is still active. We only show vote counts after the legislature publishes a recorded division.
No published representative vote breakdown
This bill is still moving through the process. When a recorded division is published, representative positions can be listed here.
Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
How this data is sourced