This is an official version. Copyright © 2003: Queen's Printer, Important Information
Statutes of Newfoundland and Labrador 2003 AN ACT TO AMEND THE HEALTH AND POST-SECONDARY EDUCATION TAX ACT (Assented to May 15, 2003) Analysis 1. S.3(1) Amdt.
Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: RSNL1990 cH-1 1. (1) Subsection 3(1) of the Health and Post-Secondary Education Tax Act is amended by adding immediately after paragraph (a) the following: (a.1) "exemption threshold" means (i) with respect to remuneration paid that is $600,000 or less, $600,000, (ii) with respect to remuneration paid that is more than $600,000 but less than $700,000, $600,000 minus (remuneration - $600,000), and (iii) with respect to remuneration paid that is $700,000 or more, $500,000; (2) Subparagraph 3(1)(d)(i) is repealed and the following substituted: (i) with respect to the taxation year beginning on January 1, 2003, remuneration less the exemption threshold, or
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