7

 

Fourth Session, 47th General Assembly

64 Elizabeth II, 2015

BILL 7

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT

Received and Read the First Time.................................................................................................

Second Reading.................................................................................................................................

Committee..........................................................................................................................................

Third Reading.....................................................................................................................................

Royal Assent......................................................................................................................................

HONOURABLE ROSS WISEMAN

Minister of Finance and President of Treasury Board

Ordered to be printed by the Honourable House of Assembly

 

 

EXPLANATORY NOTE

This Bill would amend the Revenue Administration Act to provide for a tobacco tax rebate in the Labrador border zones.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT

Analysis


        1.   S.98.1 Added
Rebate of tax, Labrador border zones

        2.   S.112 Amdt.
Regulations re: tobacco tax

        3.   Commencement


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

SNL2009 cR-15.01 as amended

        1. The Revenue Administration Act is amended by adding immediately after section 98 the following:

Rebate of tax, Labrador border zones

   98.1 (1) Notwithstanding paragraphs 98(1)(a) and (b), cigarettes and tobacco sold by a retailer in and for consumption in

             (a)  the town of Labrador City;

             (b)  the town of Wabush; and

             (c)  the south coast of Labrador extending from the border with the Province of Quebec to and including the community of Red Bay  

shall be subject to a rebate of tax which the minister may grant.

             (2)  A rebate of tax under subsection (1) shall be calculated in accordance with the regulations.

             (3)  A retailer may apply for a rebate under this section in the manner determined by the minister.

             (4)  Cigarettes and tobacco which are eligible for a rebate under this section are subject to a quota which shall be calculated in accordance with the regulations and administered in the manner determined by the minister.

             (5)  For the purpose of this section, "tobacco" means tobacco other than cigarettes and cigars.

             (6)  Paragraph (1)(c) comes into force on July 1, 2015.

             (7)  Notwithstanding subsection (3), for the period of May 1, 2015 to June 30, 2015 the rebate under this section for the town of Labrador City and the town of Wabush shall be administered through a wholesaler in the manner determined by the minister.

 

        2. Section 112 of the Act is amended by adding immediately after subsection (1) the following:

         (1.1)  The minister may make regulations

             (a)  establishing the amount of the rebate referred to in subsection 98.1(1) and the manner in which that rebate shall be calculated and administered; and

             (b)  establishing a quota respecting the quantity of cigarettes and tobacco which may be eligible for a rebate under section 98.1 and the manner in which that quota shall be calculated.

Commencement

        3. This Act is considered to have come into force on May 1, 2015.