This is an official version.

Copyright 2003: Queen’s Printer,
St. John's, Newfoundland and Labrador, Canada

Important Information
(Includes details about the availability of printed and electronic versions of the Statutes.)

Statutes of Newfoundland and Labrador 2003


Statutes of Newfoundland and Labrador 2003 Chapter 7

CHAPTER 7

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

(Assented to May 15, 2003)

Analysis

1. S.3(1) Amdt.
Imposition of tax

 

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


RSNL1990 cH-1
as amended

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(2) Subparagraph 3(1)(d)(i) is repealed and the following substituted: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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

©Earl G. Tucker, Queen's Printer