22

 


 

First Session, 48th General Assembly

65 Elizabeth II, 2016

BILL 22

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT NO. 5

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

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

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

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

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

HONOURABLE CATHY BENNETT

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 an increase in tax on tobacco.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT NO. 5

Analysis


        1.   S.98 R&S
Rate of tax

        2.   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. Section 98 of the Revenue Administration Act is repealed and the following substituted:

Rate of tax

      98. The tax imposed on tobacco by this Act shall be calculated as follows:

             (a)  for cigarettes, a tax of $0.245 on every cigarette;

             (b)  for tobacco, other than cigarettes and cigars, a tax of $0.40 for each gram of tobacco; and

             (c)  for cigars, a tax of 125% of the purchase price on a cigar, and the tax shall be rounded to the nearest 1/100 of a cent.

Commencement

        2. This Act is considered to have come into force on April 15, 2016.