18

 

 

First Session, 48th General Assembly

65 Elizabeth II, 2016

BILL 18

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT

Received and Read the First Time.................................................................................................

Second Reading.................................................................................................................................

Committee..........................................................................................................................................

Third Reading.....................................................................................................................................

Royal Assent......................................................................................................................................

HONOURABLE CATHY BENNETT

Minister of Finance and President of Treasury Board

Ordered to be printed by the Honourable House of Assembly

 

 

EXPLANATORY NOTE


This Bill would amend the Revenue Administration Act to provide
for an increase in tax on used vehicles.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT

Analysis


        1.   S.88 R&S
Tax

        2.   Commencement


Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

SNL2009 cR-15.01 as amended

        1. Section 88 of the Revenue Administration Act is repealed and the following substituted:

Tax

      88. (1) A person who acquires a used vehicle at a retail sale in the province from a person other than an HST registrant shall, in respect of the use of that vehicle, pay to the Crown at the time of the sale a tax at the rate of 15% of the purchase price of it.

             (2)  A person who brings into or receives delivery of a used vehicle in the province where that vehicle was acquired from a person who is not an HST registrant is liable for and shall pay at the time the vehicle enters the province tax at the rate of 15% of the purchase price of the vehicle.

Commencement

        2. This Act comes into force on July 1, 2016.