First

Session, 50th General Assembly

Elizabeth II, 2022

BILL 64

AN ACT TO AMEND THE

REVENUE ADMINISTRATION ACT NO. 6

Received

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

Second

Reading ............................................................................................

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

Third

Reading ...............................................................................................

Royal

Assent .................................................................................................

HONOURABLE SIOBHAN

COADY

Minister of Finance

and President of Treasury Board

Ordered to be printed by

the Honourable House of Assembly

EXPLANATORY NOTES

This Bill would amend the Revenue Administration Act to reduce

the tax on certain grades of gasoline by 7 cents per litre until December 31,

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION

ACT NO. 6

Analysis

S.51 Amdt.

Tax levied on gasoline

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 51 of the Revenue Administration Act is amended by renumbering it as

subsection 51(1) and adding immediately after that subsection the following:

(2) Notwithstanding paragraphs (1)(

c) and (e), a

person who acquires gasoline at a retail sale in the province on or before

December 31, 2022 shall pay to the Crown at the time of the sale

(

a) on the grade of gasoline referred to in

paragraph (1)(c), a tax of $0.095 per litre; and

(

b) on the grades of gasoline referred to in

paragraph (1)(e), a tax of $0.075 per litre.

Commencement

2. This Act comes into force one day after this

Act receives Royal Assent.

Queen's Printer