Section 68.26 — Excise Tax Act: Payment where use by educational institutions

Where tax under Part VI has been paid in respect of any materials and the materials have been purchased by or on behalf of a school, university or other similar educational institution for use exclusively in the construction of a building for that institution, any organization for use exclusively in the construction of a building for that organization that is to be used exclusively or mainly as a public library operated by or on behalf of that organization on a non-commercial basis, or a corporation wholly owned and controlled by Her Majesty in right of a province that is established for the sole purpose of providing residences for students of universities or other similar educational institutions, for use exclusively in the construction of those residences, an amount equal to the amount of that tax shall, subject to this Part, be paid to that institution, organization or corporation if it applies therefor within two years after the materials were purchased.