Fourth

Session, 45th General Assembly

Elizabeth II, 2007

BILL 22

AN ACT TO AMEND THE

TAXATION OF UTILITIES AND CABLE TELEVISION

COMPANIES ACT

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

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

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

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

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

HONOURABLE

JACK BYRNE

Minister of Municipal Affairs

Ordered

to be printed by the Honourable House of Assembly

EXPLANATORY NOTES

Clause 1 of the Bill would add a

definition of "industrial customer" to

section 2 of the Taxation of Utilities and Cable Television

Companies Act. This reference would

replace the list of those companies contained in the

Schedule of the Act, which

would stand repealed.

Clauses 2 and 3 of the Bill are

consequential to the amendment contained in clause 1, and clause 4 of the Bill

would repeal the

Schedule to the Act.

A BILL

AN ACT TO AMEND THE TAXATION OF UTILITIES

AND CABLE TELEVISION COMPANIES ACT

Analysis

S.2 Amdt.

Definitions

S.5 Amdt.

Municipal business tax

S.6 Amdt.

Provincial business tax

Sch. Rep.

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

SNL1992 cT-0.1

as amended

Section 2 of the Taxation of Utilities and Cable Television Companies Act is amended

by adding immediately after paragraph (

e) the following:

(e.01) "industrial customer" means a person

purchasing power from the Newfoundland and Labrador Hydro Electric Corporation,

a corporation continued under the Hydro

Corporation Act and its successors and assigns, other than a utility as defined

in subparagraphs (h)(i), (ii.1), (iii) and (iv), supplied from the bulk

transmission grid at voltages of 66 KV or greater on the primary side of

transformation equipment directly supplying the person;

2. Subsection 5(8) of the Act is repealed and the

following substituted:

(8) Subsection (1) shall not apply with respect to

the gross revenue of the utility referred to in subparagraph 2(h)(ii) where

that gross revenue is derived from an industrial customer of that utility.

3. Subsection 6(8) of the Act is repealed and the

following substituted:

(8) Subsection (1) shall not apply with respect to

the gross revenue of the utility referred to in subparagraph 2(h)(ii) where

that gross revenue is derived from an industrial customer of that utility.

4. The

Schedule to the Act is repealed.

Earl G. Tucker, Queen's Printer