Bill 110 (Legislature 15, Session 3)

L15 S3 1416

Alberta — Bills

No. 110 3rd Session, 15th Legislature, Alberta 14 Elizabeth II BILL 110 A Bill to Provide for the Disposition of Certain Moneys to Gas and Electric Utility Companies for the Benefit of their Customers HON. MR. AALBORG Printed by L. S. WALL, Printer to the Queen's Most Excellent Majesty, Edmonton, Alberta, 1966

Explanatory Note General. This Bill will permit the Province to' distribute to gas and electric utility companies for the benefit of their customers moneys paid by them as provincial income tax and moneys paid as federal income tax but transferred by the federal Government to the Province. The rebates relate to tax paid by the companies for the 1966 and subsequent taxation years. 2.

Definitions. 3. Payment to utility companies for the benefit of customers. 4. Regulations.

BILL No. 110 of 1966

An Act to Provide for the Disposition of Certain Moneys to Gas and Electric Utility Companies for the Benefit of their Customers (Assented to , 1966) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as "The Utility Companies Income Tax Rebates Act". 2. In this Act, (a) "federal tax rebate" means moneys paid to the Government of Canada by utility companies as in come tax under the Income Tax Act (Canada) for the 1966 or any subsequent taxation year and trans ferred to the Government of Alberta pursuant to

an Act of the Parliament of Canada; ( b) "provincial income tax" means moneys paid by utility companies as income tax under The Alberta Income Tax Act for the 1966 or any subsequent taxation year; (c) "utility company" means a corporation that (

i) carries on business in the Province as a dis tribu tor and seller of electrical energy or gas, and (ii) is designated under the regulations as a utility company for the purposes of this Act. 3. Subject to the regulations, the Provincial Treasurer may make payments to utility companies, for the benefit of the persons who are from time to time its customers in Alberta, of the whole or part of (

a) moneys received by the Province by way of federal tax rebates, and (

b) moneys received by the Province as provincial income taxes. 4. 'The Lieutenant Governor in Council may make regu lations

5. Commencement of Act. 2

(

a) designating the corporations that are utility com panies for the purposes of this Act, (

b) prescribing the terms and conditions upon which payments may be made under

section 3 to utility companies, (

c) prescribing any method or formula for the equit able distribution of moneys paid under

section 3, (

d) providing for any matter or procedure to ensure that the customers of the utility companies receive the benefit of the payments made under

section 3, (

e) defining any expression for the purposes of this Act, and (

I) providing for any other matter necessary to carry out the purpose of this Act. 5. This Act comes into force on a date to be fixed by proclama tion. 2

No. 110 THIRD SESSION FIFTEENTH LEGISLATURE 14 ELIZABETH II 1966 BILL

An Act to Provide for the Disposition of Certain Moneys to Gas and Electric Utility Companies for the Benefit of their Customers Received and read the First time ......................................... . Second time ..................................... . Third time ....................................... . HON. MR. AALBORG Title: 1966 (15th, 3rd) Bill 110,

An Act to Provide for the Disposition of Certain Moneys to Gas and Electric Utility Companies for the Benefit of their Customers

Document details

Collection	Alberta — Bills
Citation	L15 S3 1416
Type	bill
Volume / chapter	L15 S3 1416
Language	en
Format	json
Source	PROVINCIAL
Identifier	6344a46104d92d0c3c5c3be989c2084212988838

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