Bill 206 (Legislature 27, Session 1)

L27 S1 656

Alberta — Bills

2008 Bill 206 First Session, 27th Legislature, 57 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 206 ALBERTA PERSONAL INCOME TAX (PHYSICAL ACTIVITY CREDIT) AMENDMENT ACT, 2008 MR. RODNEY First Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Second Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Committee of the Whole . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..

Third Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Royal Assent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bill 206 Mr. Rodney BILL 206 2008 ALBERTA PERSONAL INCOME TAX (PHYSICAL ACTIVITY CREDIT) AMENDMENT ACT, 2008 (Assented to , 2008) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: Amends RSA 2000 cA-30 1 The Alberta Personal Income Tax Act is amended by this Act. 2 The following is added after

section 12: Credit for costs of organized physical activity 12.1(1) In this section, (a) “dependant” means a dependant of an individual under

section 8(1)(a), (b), (

d) or (e); (b) “eligible organization” means an organization approved by the Provincial Minister that provides programs of physical activity to individuals or groups; (c) “eligible physical activity” means a physical activity that does not provide an individual participant with remuneration; (d) “physical activity” means an activity that contributes to the development of an individual’s cardio-respiratory endurance, muscular strength, muscular endurance, flexibility or balance. 1

Explanatory Notes 1 Amends

chapter A-30 of the Revised Statues of Alberta 2000. 2

Section added providing for the deduction of costs of organized physical activity. Explanatory Notes 1

(2) For the purpose of computing the tax payable under this Act for a taxation year by an individual, there may be deducted an amount determined by the formula A x (B-$100) where A is the specified percentage for the year; B is the total of the fees paid by the individual in the year for the individual and his or her dependants to participate in eligible physical activities.

(3) An individual must not deduct more than $1500 of the fees paid for himself or herself in a taxation year.

(4) An individual must not deduct more than $1500 for each dependant of the fees paid for that dependant in a taxation year. (5) Subsection (2) does not apply unless the payment of the fees is proven by filing with the Provincial Minister a receipt in the prescribed form issued by an eligible organization. 3

Section 42 is amended by adding “,12.1” after “12”. 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, 13.1, 13, 17, 15, 16, 20(2), 20(1), 12, 11, 18, 21, 22, 27, 23, 24 and 25. 4 Coming into force. Explanatory Notes 2

Record of Debate STAGE DATE MEMBER FROM TO TOTAL CUMULATIVE TOTAL Title: 2008 (27th, 1st) Bill 206, Alberta Personal Income Tax (Physical Activity Credit) Amendment Act, 2008

Document details

Collection	Alberta — Bills
Citation	L27 S1 656
Type	bill
Volume / chapter	L27 S1 656
Language	en
Format	json
Source	PROVINCIAL
Identifier	37fd7cad58b64f2d7e759b062db54ae52b7e2690

Source file is stored in the law ingest library (json).