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Copyright 2000: Queen’s Printer,
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Statutes of Newfoundland 2000


CHAPTER 22

AN ACT TO AMEND THE HEALTH AND POST-SECONDARY EDUCATION TAX ACT

(Assented to December 14, 2000)

Analysis

1. S.3 Amdt.
Imposition of tax

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


RSN1990 cH-1
as amended

1. (1) Subparagraph 3(1)(d)(i) of the Health and Post-Secondary Education Tax Act is repealed and the following substituted:

(i) with respect to the taxation year beginning on January 1, 2000, remuneration paid in excess of the first $337,500, and with respect to each year following, in excess of the first $400,000 of remuneration paid in the year, or

(2) Subsection 3(3) of the Act is repealed and the following substituted:

(3) Notwithstanding subsection (2), with respect to the taxation year beginning on January 1, 2000, an employer shall pay tax at the rate of 1.75% of taxable remuneration paid in relation to a renewable resource industry.

(3) Subsection (2) shall be repealed on December 31, 2000.

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