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First Session, 48th General Assembly 65 Elizabeth II, 2016 |
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AN ACT TO AMEND THE REVENUE
ADMINISTRATION ACT NO. 6 |
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Received and Read the First Time................................................................ |
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Second
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Committee..................................................................................................... |
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Third
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Royal Assent................................................................................................. |
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HONOURABLE CATHY BENNETT Minister of Finance and President of Treasury Board |
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Ordered to be printed by
the Honourable House of Assembly |
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EXPLANATORY NOTES This Bill would amend the Revenue Administration Act to modify the reduction to the gasoline tax rate and expand the area to which the reduction applies. |
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A BILL AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT NO. 6 Analysis 1.
S.52 R&S 2. Commencement Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: SNL2009 cR-15.01 1. Section 52 of the Revenue Administration Act is repealed and the following substituted: Tax reduction for
52. Notwithstanding paragraph 51(1)(e), where a person acquires gasoline, other than diesel fuel, at a retail sale in the town of Labrador City, the town of Wabush or south coast Labrador extending from the border with the province of Quebec to and including the community of Red Bay, in respect of the consumption or use of the gasoline in those areas, the tax payable to the Crown at the time of the sale under paragraph 51(1)(e) shall be reduced by $0.10 per litre. Commencement 2. This Act is considered to have come into force on June 2, 2016. ©Queen's Printer |