Newfoundland and Labrador Gazette, Part II — 10 April 2023 (Extraordinary Issue) — Regulations NLR 30/23, NLR 3/99

NLG 2023-04-10

Newfoundland and Labrador — Gazette

ST. JOHN’S, MONDAY , APRIL 10, 2023 THE NEWFOUNDLAND AND LABRADOR GAZETTE EXTRAORDINARY

PART II PUBLISHED BY AUTHORITY NEWFOUNDLAND AND LABRADOR REGULATION NLR 30/23

NEWFOUNDLAND AND LABRADOR REGULATION 30/23 Film and Video Industry Tax Credit Regulations (Amendment) under the Income Tax Act, 2000 (O.C. 2023-087) (Filed April 10, 2023) Under the authority of

section 68 of the Income Tax Act, 2000, the Lieutenant-Governor in Council makes the following regulations. Dated at St. John’s, April 6, 2023. Krista Quinlan Clerk of the Executive Council REGULATIONS Analysis 1. S.7 Amdt. Tax credit 2. Commencement 1. (1) Subsection 7(4) of the Film and Video Industry Tax Credit Regulations is repealed and the following substituted:

(4) The maximum tax credit that may be received by an eligible corporation, together with all corporations associated with that NLR 3/99 as amended 3 Extraordinary Gazette April 10, 2023

Film and Video Industry Tax Credit Regulations (Amendment) 30/23 corporation, in respect of all eligible proj ects commenced within a 12 month period is $4,000,000. (2) Subsection 7(4) of the regulations is repealed and the following substituted:

(4) The maximum tax credit that may be received by an eligible corporation, together with all corporations associated with that corporation, in respect of all eligible projects commenced within a 12 month period is $5,000,000. 2. (1) Subsection 1(1) of th ese regulations is considered to have come into force on April 1, 2013. (2) Subsection 1(2) of th ese regulations is considered to have come into force on July 1, 2021. ©King's Printer Commencement 4 Extraordinary Gazette April 10, 2023

Extraordinary Gazette Index Title of Act and Subordinate Legislation made thereunder CNLR or NL Reg. Amendment NL Gazette Date & Page No. Income Tax Act, 2000 Film and Video Industry Tax Credit Regulations (Amendment) NLR 30/23 Amends NLR 3/99 S.7 Amdt. Apr. 10/23 p. 3 ST. JOHN’S, MONDAY, APRIL 10, 2023 5

Document details

Collection	Newfoundland and Labrador — Gazette
Citation	NLG 2023-04-10
Type	gazette
Volume / chapter	nlg20230410 extra
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	3c1546d9e0dd7206a709c107fb423c47652fd4e2

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