First

Session, 48th General Assembly

Elizabeth II, 2016

BILL 22

AN ACT TO AMEND THE

REVENUE ADMINISTRATION ACT NO. 5

Received and Read the First Time .................................................................................................

Second Reading .................................................................................................................................

Committee ..........................................................................................................................................

Third Reading .....................................................................................................................................

Royal Assent ......................................................................................................................................

HONOURABLE

CATHY BENNETT

Minister of Finance and President of Treasury Board

Ordered

to be printed by the Honourable House of Assembly

EXPLANATORY NOTE

This Bill would amend the Revenue Administration Act to provide

for an increase in tax on tobacco.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION

ACT NO. 5

Analysis

S.98 R&S

Rate of tax

Commencement

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

SNL2009 cR-15.01

as amended

Section 98 of the Revenue Administration Act is repealed and the following

substituted:

Rate of tax

98. The

tax imposed on tobacco by this Act shall be calculated as follows:

(

a) for cigarettes, a tax of $0.245 on every

cigarette;

(

b) for tobacco, other than cigarettes and cigars,

a tax of $0.40 for each gram of tobacco; and

(

c) for cigars, a tax of 125% of the purchase

price on a cigar, and the tax shall be rounded to the nearest 1/100 of a cent.

Commencement

2. This Act is considered to have come into force

on April 15, 2016.

Queen's Printer