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First
Session, 50th General Assembly 71 Elizabeth II, 2022 |
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AN ACT TO AMEND THE
REVENUE ADMINISTRATION ACT |
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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 SIOBHAN COADY 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 increase the tax rates on carbon products. A BILL AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT Analysis 1.
S.72.1 Amdt. 2. Commencement Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: SNL2009 cR-15.01 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 Subsection 72.1(1) of the Revenue Administration Act is repealed and the following substituted: Tax levied on carbon product 72.1 (1)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
$0.0890 per litre; (b) on ethane, a tax of
$0.0509 per litre; (c) on gas liquids, a
tax of $0.0832 per litre; (d) on gasoline, a tax
of $0.1105 per litre; (e) on heavy fuel oil, a
tax of $0.1593 per litre; (f) on kerosene, a tax
of $0.1291 per litre; (g) on light fuel oil, a
tax of $0.1341 per litre; (h) on methanol, a tax
of $0.0549 per litre; (i) on naphtha, a tax of
$0.1127 per litre; (j) on petroleum coke, a
tax of $0.1919 per litre; (k) on pentanes plus, a
tax of $0.0890 per litre; (l) on propane, a tax of
$0.0774 per litre; (m) on coke oven gas, a
tax of $0.0350 per cubic metre; (n) on marketable
natural gas, a tax of $0.0979 per cubic metre; (o) on non-marketable
natural gas, a tax of $0.1293 per cubic metre; (p) on still gas, a tax
of $0.1350 per cubic metre; (q) on coke, a tax of $158.99
a tonne; (r) on high heat value
coal, a tax of $112.58 a tonne; (s) on low heat value
coal, a tax of $88.62 a tonne; and (t) on combustible
waste, a tax of $99.87 a tonne. Commencement 2. This Act is considered to have come into force on May 1, 2022. ©Queen's Printer |