29
Second Session, 46th General Assembly 58 Elizabeth II, 2009
BILL 29
AN ACT TO AMEND THE INCOME TAX ACT, 2000
Received and Read the First Time...................................................................................................
Second Reading.................................................................................................................................
Committee............................................................................................................................................
Third Reading.....................................................................................................................................
Royal Assent......................................................................................................................................
HONOURABLE JEROME P. KENNEDY, Q.C. Minister of Finance and President of Treasury Board
Ordered to be printed by the Honourable House of Assembly

EXPLANATORY NOTE

This Bill to amend the Income Tax Act, 2000 would have the effect of increasing the dividend tax rate on eligible dividends from 6.65% to 9.75% for the 2009 taxation year.

A BILL

AN ACT TO AMEND THE INCOME TAX ACT, 2000

Analysis

1. S.20 Amdt.
Dividend tax credit

2. Commencement

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

SNL2000 cI-1.1
as amended

1. Paragraph 20(b) of the Income Tax Act, 2000 is amended by striking out the numbers and symbol "21.43%" and substituting the numbers and symbol "31.42%".

Commencement

2. This Act is considered to have come into force on January 1, 2009.

©Earl G. Tucker, Queen's Printer