Bill 4 — A Bill To Amend the Mineral Taxation Act (Legislature 15, Session 3)

L15 S3 1308

Alberta — Bills

No.4 3rd Session, 15th Legislature, Alberta 14 Elizabeth II BILL 4 A Bill to amend The Mineral Taxation Act HON. MR. PATRICK Printed by L. S. WALL, Printer to the Queen's Most Exoellent Majesty. Edmonton, Alberta, 1966

Exp~anatory Note I. This Bill amends The Mineral Taxation Act, which is

chapter 203 of the Revised Statutes .of Alberta, 1955. 2. Production spacing units may be as large as nine quarter sections for .one well.

Section 2, clause (j), sub clauses (ii) and (iii) presently read: (j) "producing area" means (ii) (iii) a quarter

section of land according to the system of surveys under The Alberta Surveys Act on which or on a portion of which is situated a mine or well from which a mineral is being produced or has at any time during the preceding year been produced, a river lot or a parcel described by metes and bounds on which or on a portion of which is situated a mine or well from which a mineral is being produced or has at any time during the preceding year been produced. 3. (

a) Assessments totalling less than .one hundred dDllars may be omitted.

Section 9, subsection (2), clause (

b) presently reads:

(2) In each year before the first day of June the chief assessor (

b) shall cause to be prepared an assessment roll setting out thereon (

i) a brief description of the mineral or minerals assessed, (ii) the names and addresses of the owners thereof, and (iii) the assessed values thereof. (

b) See note to

section 2. Subsection (4) presently reads: (4) ~he Min~ster by order published in The Alberta Gazette ma.y from tIme to tIme allocate to a producing well a specified area for the purpose of computing the value in accordance with

Schedule A. 4. C.ommencement of Act.

BILL No.4 of 1966 An A'ct to amend The Mineral Taxation Act (Assented to , 1966) HE,R MAJESTY, by and with the advice and cons'ent of the Legislative Assembly of the Province .of Alberta, enacts as follows: 1. The Mineral Taxation Act is hereby amended. 2. Se'ction 2, claus'e (

j) is amended by striking out sub clauses (ii) and (iii) and by substituting the following: (ii) the area allocated to a well or a mine pursuant to subsection (4) .of

section 9.

Section 9 is amended (

a) as to subsection (2) by adding at the end of clause (

b) the words: "except that the chief assessor may omit from the assessment roll the assessment with respect to any owner where the assessed value is less than one hundred dollars.", (

h) by striking out subsection (4) and hy suhstituting the following:

(4) The Minister by order published in The Al berta Gazette may from time to time allocate to a well or to a mine a specified area for the purpose of computing the fair actual value of the princip,aI mineral. 4. This Act comes into force .on the day upon which it is assented t.o and upon so coming into force shall be deemed to have been in force at all times on and after the first day of January, 1966.

No.4 THIRD SESSION FIFTEENTH LEGISLATURE 14 ELIZABET'H II 1966 BILL

An Act to amend The Mineral Taxation Act. Received and read the First time ......................................... . Second time ..................................... . Third time ....................................... . HON. MR. PATRICK Title: 1966 (15th, 3rd) Bill 4,

An Act to amend The Mineral Taxation Act

Document details

Collection	Alberta — Bills
Citation	L15 S3 1308
Type	bill
Volume / chapter	L15 S3 1308
Language	en
Format	json
Source	PROVINCIAL
Identifier	4a8d9c42f4e1a9b1ff7cc97129d953f9237caf9a

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