7

 


 

Third Session, 48th General Assembly

67 Elizabeth II, 2018

BILL 7

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT

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

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

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

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

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

HONOURABLE TOM OSBORNE

Minister of Finance and President of Treasury Board

Ordered to be printed by the Honourable House of Assembly

 

 

EXPLANATORY NOTES

This Bill would amend the Revenue Administration Act to increase the provincial payroll tax exemption threshold to $1,300,000.


A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT

Analysis


        1.   S.2 Amdt.
Definitions

        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. Paragraph 2(w) of the Revenue Administration Act is repealed and the following substituted:

            (w)  "exemption threshold" means, with respect to remuneration paid, $1,300,000;

Commencement

        2. This Act comes into force on January 1, 2019.