12

 

 

Third Session, 47th General Assembly

63 Elizabeth II, 2014

BILL 12

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT NO. 2

Received and Read the First Time.................................................................................................

Second Reading.................................................................................................................................

Committee..........................................................................................................................................

Third Reading.....................................................................................................................................

Royal Assent......................................................................................................................................

HONOURABLE CHARLENE JOHNSON

Minister of Finance and President of Treasury Board

Ordered to be printed by the Honourable House of Assembly

 

EXPLANATORY NOTE

This Bill would amend the Revenue Administration Act to increase the tax on cigarettes and tobacco, effective March 28, 2014.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT NO. 2

Analysis


        1.   S.98 Amdt.
Rate of tax

        2.   Commencement


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

SNL2009 cR-15.01 as amended

        1. Paragraphs 98(1)(a) and (b) of the Revenue Administration Act are repealed and the following substituted:

             (a)  for cigarettes, a tax of $0.235 on every cigarette;

             (b)  for tobacco, other than cigarettes and cigars, a tax of $0.38 for each gram of tobacco; and

Commencement

        2. This Act is considered to have come into force on March 28, 2014.