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Volume 51, No. 12

B.C. Reg. 123/2008

The British Columbia Gazette,

Part II

June 17, 2008

B.C. Reg. 123/2008 , deposited June 6, 2008, pursuant to the CARBON TAX ACT [Sections 83 and 84]. Order in Council 384/2008, approved and ordered June 6, 2008.

On the recommendation of the undersigned, the Administrator, by and with the advice and consent of the Executive Council, orders that, effective July 1, 2008,

Schedule 1 of the Carbon Tax Act , S.B.C. 2008, is amended

(

a) in

section 1 (1) by deleting the

definitions of "marketable natural gas" and "raw natural gas" and adding the following:

"marketable natural gas" means natural gas, whether or not the natural gas

(

a) occurs naturally or results from processing, and

(

b) contains natural gas liquids

and includes compressed natural gas but does not include raw natural gas or refinery gas;

"raw natural gas" means natural gas, whether or not it contains natural gas liquids, that occurs naturally, is not processed, and has not been and is not to be removed from the well site; and

(

b) by deleting columns 3 to 7 of Item 12 the Table and substituting the following as indicated:

Column 3

Column 4

Column 5

Column 6

Column 7

Rate of tax for the year starting on July 1, 2008

Rate of tax for the year starting on July 1, 2009

Rate of tax for the year starting on July 1, 2010

Rate of tax for the year starting on July 1, 2011

Rate of tax for the year starting on July 1, 2012

1.90 ¢/m 3

2.85 ¢/m 3

3.80 ¢/m 3

4.75 ¢/m 3

5.70 ¢/m 3

— C. TAYLOR, Minister of Finance; G. CAMPBELL, Presiding Member of the Executive Council .

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