NEWFOUNDLAND AND LABRADOR
REGULATION 33/21

Revenue Administration Regulations (Amendment)
under the
Revenue Administration Act
(O.C. 2021-172)

(Filed June 25, 2021)

Under the authority of sections 107, 108.1 and 113 of the Revenue Administration Act, the Lieutenant-Governor in Council makes the following regulations.

Dated at St. John’s, June 24, 2021.

Gary Norris
Clerk of the Executive Council

REGULATIONS

Analysis

        1.   S.16.2 R&S
Industrial facility exemption

        2.   Commencement

NLR 73/11
as amended

        1. Section 16.2 of the Revenue Administration Regulations is repealed and the following substituted:

Industrial facility exemption

   16.2 A carbon product used in a source category prescribed in paragraphs 5(1)(a), (c), (d) and (e) of the Management of Greenhouse Gas Reporting Regulations by an industrial facility that has a greenhouse gas reduction target under section 5 of the Management of Greenhouse Gas Act in the year in which the carbon product was purchased is exempt from the tax imposed under subsection 72.1(1) of the Act.

Commencement

        2. These regulations are considered to have come into force on January 1, 2019.

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