Bill 213 — Second Session, 22Nd Legislature, 39 Elizabeth Ii the Legislative Assembly of Alberta Bill 213 An Act To Amend the Alberta Income Tax Act (Legislature 22, Session 2)

L22 S2 2745

Alberta — Bills

1990 BILL Second Session, 22nd Legislature, 39 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL

AN ACT TO AMEND THE ALBERTA INCOME TAX ACT MR. WICKMAN First Reading Second Reading Committee of the Whole Third Reading Royal Assent Bill Mr. Wickman BILL

AN ACT TO AMEND THE ALBERTA INCOME TAX ACT (Assented to , 1990) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as foUows: 1 The Alberta Income Tax Act is amended by this Act Section 10(4.2) is repealed and the following is substituted: 4.2 an individual is not entitled to a renter assistance credit for the 1987, 1988 and taxation years. 4.3 in respect of the and subsequent taxation years an individual is entitled to a credit equal to the amount estabUshed pursuant to subsection 4.1 for any taxation year in respect of which the Provincial Treasurer has by regulation prescribed the year as a year to which the credit applies. 4.4 the Provincial Treasurer shall prescribe that the credit applies to a taxation year unless the provincial rental vacancy rent as established m the Canadian Mortgage and Housmg Corporation's semi-annual survey has been above 2.5% for the previous consecutive semi-annual surveys.

Explanatory Notes This Bill will amend

chapter A-31 of the Revised Statutes of Alberta, 1980. 2 New subsections will provide for the re-estabUshment of the renter assistance tax credit from and on unless the rental vacancy rate is above 2.5% in consecutive semi-annual surv^s by CMHC. Title: 1990 (22nd 2nd) Bill 213,

An Act to Amend the Alberta Income Tax Act

Document details

Collection	Alberta — Bills
Citation	L22 S2 2745
Type	bill
Volume / chapter	L22 S2 2745
Language	en
Format	json
Source	PROVINCIAL
Identifier	0030f0ec43b08c8a9d0fe5a186c8a131c39d88bc

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