Bill 207 — First Session, 25Th Legislature, 50 Elizabeth Ii the Legislative Assembly of Alberta Bill 207 Alberta Personal Income Tax (Tools Deduction) Amendment Act, 2001 (Legislature 25, Session 1)

L25 S1 111

Alberta — Bills

2001 BILL 207 First Session, 25th Legislature, 50 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 207 ALBERTA PERSONAL INCOME TAX (TOOLS DEDUCTION) AMENDMENT ACT, 2001 MR. LOUGHEED First Reading Second Reading Committee of the Whole Third Reading Royal Assent Title: 2001 (25th, 1st) Bill 207, Alberta Personal Income Tax (Tools Deduction) Amendment Act, 2001

Bill 207 Mr. Lougheed BILL 207 2001 ALBERTA PERSONAL INCOME TAX (TOOLS DEDUCTION) AMENDMENT ACT, 2001 (Assented to , 2001) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: Amends SA 2000 cA-35.03 1 The Alberta Personal Income Tax Act is amended by this Act. 2 The following is added after

section 10: Deduction for tools 10.1(1) In this

section (a) “tools” means portable equipment used in the performance of a tradeperson’s occupation; (b) “tradeperson” means an individual whose occupation is a designated trade or occupation under the Apprenticeship and Industry Training Act and includes a person in an apprenticeship program under that Act;

(2) For the purpose of computing the tax payable under this Act for a taxation year by an individual, if the individual is employed as a tradeperson and, as a condition of the person’s employment, was required to provide tools for a period of the year, there may be deducted an amount, not exceeding the individual’s income for the year from the employment income computed without reference to this section, determined by the formula: A x B where 1

Explanatory Notes 1 Amends

chapter A-35.03 of the Statutes of Alberta, 2000. 2 Provides for a deduction for tools. 1 Explanatory Notes

A is the specified percentage for the year; B is the amount by which the tradeperson’s total expenditure for the purchase, maintenance, rental or insurance of the tools exceeds $500 as shown in receipts filed with the person’s return. (3) Subsection (2) does not apply unless the tradeperson files with the person’s return proof in the prescribed form of the person’s trade certificate or occupational certificate under the Apprenticeship and Industry Training Act or proof in the prescribed form that the person is registered in an apprenticeship program under that Act. 3

Section 42 is amended by adding ", 10.1” after “10”. 4 This Act comes into force on Proclamation. 2

Section 42 presently reads: 42 In computing an individual's tax payable under this Act, the following provisions must be applied in the following order: sections 8, 9, 19, 10, 13, 17, 15, 16, 20(2), 20(1), 12, 11, 18 and 21. 4 Coming into force. Title: 2001 (25th, 1st) Bill 207, Alberta Personal Income Tax (Tools Deduction) Amendment Act, 2001 2 Explanatory Notes

Document details

Collection	Alberta — Bills
Citation	L25 S1 111
Type	bill
Volume / chapter	L25 S1 111
Language	en
Format	json
Source	PROVINCIAL
Identifier	21233a652b3a98deb0ee8d72cce2078e6f47d364

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