Statutes of Newfoundland 1992 Chapter 9

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Statutes of Newfoundland 1992

CHAPTER 9 CHAPTER 9

AN ACT TO AMEND THE INCOME TAX ACT
(Assented to June 11, 1992)

Analysis

1. S.4 Amdt.
Individual tax

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

RSN 1990 cI-1

1. (1) Paragraph 4(8)(q) of the Income Tax Act is amended by deleting the word "and".

(2) Paragraph 4(8)(r) of the Act is amended by deleting the word "subsequent" and substituting the figure "1991" and by deleting the period and substituting a semi-colon.

(3) Subsection 4(8) of the Act is amended by adding the following immediately after paragraph (r):

(s) 64.5% in respect of the 1992 taxation year; and

(t) 66% in respect of the 1993 and subsequent taxation years.