First

Session, 48th General Assembly

Elizabeth II, 2016

BILL 18

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 NOTE

This Bill would amend the Revenue Administration

Act to provide

for an increase in tax on used vehicles.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION

ACT

Analysis

S.88 R&S

Tax

Commencement

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

SNL2009 cR-15.01

as amended

Section 88 of the Revenue Administration Act is repealed and the following

substituted:

Tax

(1) A

person who acquires a used vehicle at a retail sale in the province from a

person other than an HST registrant shall, in respect of the use of that

vehicle, pay to the Crown at the time of the sale a tax at the rate of 15% of

the purchase price of it.

(2) A person who brings into or receives delivery

of a used vehicle in the province where that vehicle was acquired from a person

who is not an HST registrant is liable for and shall pay at the time the

vehicle enters the province tax at the rate of 15% of the purchase price of the

vehicle.

Commencement

2. This Act comes into force on July 1, 2016.

Queen's Printer