2020 BILL 43

	43


First Session, 49th General Assembly 69 Elizabeth II, 2020
BILL 43
AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT
Received and Read the First Time................................................................
Second Reading............................................................................................
Committee.....................................................................................................
Third Reading...............................................................................................
Royal Assent.................................................................................................
HONOURABLE SIOBHAN COADY Minister of Finance
Ordered to be printed by the Honourable House of Assembly

EXPLANATORY NOTES

This Bill would amend the Revenue Administration Act to increase the tax rates on carbon products.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT

Analysis

1. S.72.1 Amdt.
Tax levied on carbon product

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

SNL2009 cR-15.01
as amended

1. Subsection 72.1(1) of the Revenue Administration Act is repealed and the following substituted:

Tax levied on carbon product

72.1 (1) In addition to the tax that may be payable under section 51, a person who acquires a carbon product at a retail sale in the province shall pay to the Crown at the time of the sale

(a) on butane, a tax of $0.0534 per litre;

(b) on ethane, a tax of $0.0306 per litre;

(d) on gasoline, a tax of $0.0663 per litre;

(e) on heavy fuel oil, a tax of $0.0956 per litre;

(f) on kerosene, a tax of $0.0775 per litre;

(g) on light fuel oil, a tax of $0.0805 per litre;

(h) on methanol, a tax of $0.0329 per litre;

(i) on naphtha, a tax of $0.0676 per litre;

(j) on petroleum coke, a tax of $0.1151 per litre;

(k) on pentanes plus, a tax of $0.0534 per litre;

(l) on propane, a tax of $0.0464 per litre;

(m) on coke oven gas, a tax of $0.0210 per cubic metre;

(n) on marketable natural gas, a tax of $0.0587 per cubic metre;

(o) on non-marketable natural gas, a tax of $0.0776 per cubic metre;

(p) on still gas, a tax of $0.0810 per cubic metre;

(q) on coke, a tax of $95.39 a tonne;

(r) on high heat value coal, a tax of $67.55 a tonne;

(s) on low heat value coal, a tax of $53.17 a tonne; and

(t) on combustible waste, a tax of $59.92 a tonne.