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27 |
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First
Session, 46th General Assembly 57
Elizabeth II, 2008 |
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AN ACT TO AMEND THE
HEALTH |
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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
THOMAS W. MARSHALL, Q.C. Minister of Finance and President of Treasury Board |
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Ordered
to be printed by the Honourable House of Assembly |
EXPLANATORY NOTES This Bill would amend the Health and Post-Secondary Education Tax Act. Clause 1 of the Bill would amend the definition of exemption threshold to exempt the first $1,000,000 of an employer's payroll from a tax under this Act. Clause 2 of the Bill would bring this
Act into force as of |
A BILL AN ACT TO AMEND THE HEALTH AND POST-SECONDARY EDUCATION TAX ACT Analysis 1.
S.3 Amdt. 2. Commencement Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: RSNL1990 cH-1 1. Paragraph 3(1)(a.1) of the Health and Post-Secondary Education Tax Act is repealed and the following substituted: (a.1) "exemption threshold" means (i) with respect to remuneration paid that is less than or equal to $1,000,000, the amount paid, and (ii) with respect to remuneration paid that is more
than $1,000,000, $1,000,000; Commencement 2. This Act is considered to have come into force
on ŠEarl G. Tucker, Queen's Printer |