First

Session, 49th General Assembly

Elizabeth II, 2020

BILL 43

AN ACT TO AMEND THE

REVENUE ADMINISTRATION ACT

Received

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

Second

Reading ............................................................................................

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

Third

Reading ...............................................................................................

Royal

Assent .................................................................................................

HONOURABLE SIOBHAN

COADY

Minister of Finance

Ordered to be printed by

the Honourable House of Assembly

EXPLANATORY NOTES

This Bill would amend the Revenue Administration Act to increase

the tax rates on carbon products.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION

ACT

Analysis

S.72.1 Amdt.

Tax levied on carbon product

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

SNL2009 cR-15.01

as amended

1. Subsection 72.1(1) of the Revenue Administration Act is repealed and the following

substituted:

Tax levied on

carbon product

72.1

(1) In

addition to the tax that may be payable under

section 51, a person who acquires a

carbon product at a retail sale in the province shall pay to the Crown at the

time of the sale

(

a) on butane, a tax of $0.0534 per litre;

(

b) on ethane, a tax of $0.0306 per litre;

(

c) on gas liquids, a tax of $0.0499 per litre;

(

d) on gasoline, a tax of $0.0663 per litre;

(

e) on heavy fuel oil, a tax of $0.0956 per litre;

(

f) on kerosene, a tax of $0.0775 per litre;

(

g) on light fuel oil, a tax of $0.0805 per litre;

(

h) on methanol, a tax of $0.0329 per litre;

(

i) on naphtha, a tax of $0.0676 per litre;

(

j) on petroleum coke, a tax of $0.1151 per litre;

(

k) on pentanes plus, a tax of $0.0534 per litre;

(

l) on propane, a tax of $0.0464 per litre;

(

m) on coke oven gas, a tax of $0.0210 per cubic metre;

(

n) on marketable natural gas, a tax of $0.0587 per cubic metre;

(

o) on non-marketable natural gas, a tax of $0.0776 per cubic metre;

(

p) on still gas, a tax of $0.0810 per cubic metre;

(

q) on coke, a tax of $95.39 a tonne;

(

r) on high heat value coal, a tax of $67.55 a tonne;

(

s) on low heat value coal, a tax of $53.17 a tonne; and

(

t) on combustible waste, a tax of $59.92 a tonne.

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