1980 BILL 241 Second Session, 19th Legislature, 29 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 241

AN ACT TO AMMEND THE ALBERTA INCOME TAX ACT MR. NOTLEY First Reading Second Reading Committee of the Whole Third Reading Royal Assent Title: 1980 (19th, 2nd) Bill 241,

An Act to Amend the Alberta Income Tax Act

Bill 241 Mr. Notley BILL 241 1980

AN ACT TO AMEND THE ALBERTA INCOME TAX ACT (Assented to , 1980) 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 8.3: 8.31(1) In this section, “farmer” means an individual whose greatest source of income is derived from farming; “spouse” means a spouse of a farmer whose principal work is work on or in connection with the farmer’s farm.

(2) A farmer who has a spouse shall be entitled to receive a farm spouse tax credit in an amount specified in subsection (3) for every taxation year commencing with the taxation year 1981.

(3) The amount of a farm spouse tax credit for a taxation year shall be the lesser of (a) $1000, and (

b) the farmer’s tax liability pursuant to this Act without the application of this section.

(4) A farm spouse tax credit may not be applied in such a way as to result in a net tax refund to the farmer for the taxation year in question.

(5) The difference between $1000 and the amount of tax credit available to a farmer pursuant to subsection (3) in respect of one taxation year may be carried over and claimed by a farmer in respect of any one of the subsequent 5 taxation years, subject to 1

1 This Bill will amend

chapter 182 of the Revised Statutes of Alberta, 1970. 2 Proposed new

section will provide for a $1000 farm spouse tax credit. 1

subsection (4). 3 This Act comes into force on January 1, 1981. 2 Title: 1980 (19th, 2nd) Bill 241,

An Act to Amend the Alberta Income Tax Act