9

 

 

Second Session, 48th General Assembly

66 Elizabeth II, 2017

BILL 9

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT

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

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

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

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

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

HONOURABLE CATHY BENNETT

Minister of Finance and President of Treasury Board

Ordered to be printed by the Honourable House of Assembly

 

 

EXPLANATORY NOTES

This Bill would amend the Revenue Administration Act to

·         reduce the gasoline tax by 8.5 cents per litre on June 1, 2017 and a further 4 cents per litre on December 1, 2017;

·         reduce the tax reduction for Labrador border zones by 8.5 cents per litre on June 1, 2017; and

·         discontinue the tax reduction for Labrador border zones on December 1, 2017.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT

Analysis


        1.   S.51 Amdt.
Tax levied

        2.   S.52 R&S
Tax reduction for Labrador border zones

        3.   S.52 Rep.
Tax reduction for Labrador border zones

        4.   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. Paragraph 51(1)(e) of the Revenue Administration Act is repealed and the following substituted:

             (e)  on all other grades of gasoline, a tax of

                      (i)  $0.33 per litre for the period ending May 31, 2017,

                     (ii)  $0.245 per litre for the period beginning June 1, 2017 and ending November 30, 2017, and

                    (iii)  $0.205 per litre for the period beginning December 1, 2017.

 

        2. Section 52 of the Act is repealed and the following substituted:

Tax reduction for Labrador border zones

      52. Notwithstanding paragraph 51(1)(e), where a person acquires gasoline, other than diesel fuel, at a retail sale in the town of Labrador City, the town of Wabush or south coast Labrador extending from the border with the province of Quebec to and including the community of Red Bay, in respect of the consumption or use of the gasoline in those areas, the tax payable to the Crown at the time of the sale under paragraph 51(1)(e) shall be reduced by

             (a)  $0.10 per litre for the period ending May 31, 2017; and

             (b)  $0.015 per litre for the period beginning June 1, 2017 and ending November 30, 2017.

 

        3. Section 52 of the Act is repealed.

Commencement

        4. Section 3 of this Act comes into force on December 1, 2017.