Bill 201 — Third Session, 20Th Legislature, 34 Elizabeth Ii the Legislative Assembly of Alberta Bill 201 Student Employment Tax Credit Act Mrs. Koper (Legislature 20, Session 3)

L20 S3 3418

Alberta — Bills

1985 BILL 201 Third Session, 20th Legislature, 34 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 201 STUDENT EMPLOYMENT TAX CREDIT ACT MRS. KOPER First Reading Second Reading Committee of the Whole Third Reading Royal Assent

Bill 201 Mrs. Koper BILL 201 1985 STUDENT EMPLOYMENT TAX CREDIT ACT (Assented to , 1985) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Alberta Income Tax Act is amended by this Act. 2 The following is added after

section 10: 10.1(1) In this

section "student" means an individual (

a) who is 16 years of age or more; (

b) who has not attained the age of 25 years; and (

c) who has been enrolled in a full or part time education program within the previous 12 months at a school or post-secondary institution.

(2) This

section applies to the 1985 taxation year only.

(3) An individual, who (

a) resided in Alberta on the last day of the taxation year, (

b) employed a student during the taxation year, and (

c) has not claimed, received or benefitted from any grant, subsidy, loan or rebate as a result of the provision of employment in Alberta, in respect of the 1985 taxation year from the Government of the Province or of Canada

Explanatory Notes 1 This Bill will amend

chapter A-31 of the Revised Statutes of Alberta 1980. 2 Provides for a tax credit of half of the wages paid to students, up to $1000.

is entitled to a student employment credit for that taxation year in accordance with this

section and the regulations made thereunder.

(4) A student employment credit for the 1985 taxation year shall be an amount equal to the lesser of (

a) half of the aggregate of aU wages in respect of employment in Alberta, paid by the individual to 1 or more students during the taxation year, and (b) $1000.

(5) This

section does not apply to an individual employing a student who is his spouse, child, brother or sister.

(6) The Lieutenant Governor in Council may make regu lations defining any expression in this

section that is not defined herein. 3 This Act comes into force on December 1, 1985.

3 Coming into force. Title: 1985 (20th, 3rd) Bill 201, Student Employment Tax Credit Act

Document details

Collection	Alberta — Bills
Citation	L20 S3 3418
Type	bill
Volume / chapter	L20 S3 3418
Language	en
Format	json
Source	PROVINCIAL
Identifier	2829f7719b9814c8b5a4a56928993303917c8fc8

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