Bill 202 (Legislature 30, Session 4)

L30 S4 11986

Alberta — Bills

2022 Bill 202 Fourth Session, 30th Legislature, 1 Charles III THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 202 ALBERTA PERSONAL INCOME TAX (CHARITABLE AND OTHER GIFTS) AMENDMENT ACT, 2022 MR. WILLIAMS First Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Second Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Committee of the Whole . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Third Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Royal Assent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 Bill 202 Mr. Williams BILL 202 2022 ALBERTA PERSONAL INCOME TAX (CHARITABLE AND OTHER GIFTS) AMENDMENT ACT, 2022 (Assented to , 2022) HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: Amends RSA 2000 cA-30 1 The Alberta Personal Income Tax Act is amended by this Act. 2

Section 11(1) is amended by striking out “A is the specified percentage for the year” and substituting “A is 60%”. Coming into force 3 This Act comes into force on Proclamation.

Explanatory Notes 1 Explanatory Notes Alberta Personal Income Tax Act 1 Amends

chapter A-30 of the Revised Statutes of Alberta 2000. 2

Section 11(1) presently reads: 11(1) For the purpose of computing the tax payable under this Act for a taxation year by an individual, there may be deducted such amount as the individual claims not exceeding the amount determined by the formula A x B + [12.75% x (D - E) + 21% x (C - B - (D - E))] where A is the specified percentage for the year; B is the lesser of $200 and amount C; C is the amount of the individual’s total gifts for the year used to claim a deduction by the individual for the year for the purposes of

section 118.1 of the federal Act; D is the part, if any, of amount C that was made before January 1, 2007; E is the lesser of B and D. 3 Coming into force.

Record of Debate STAGE DATE MEMBER FROM TO TOTAL CUMULATIVE TOTAL Title: 2022 (30th, 4th) Bill 202, Alberta Personal Income Tax (Charitable and Other Gifts) Amendment Act, 2022

Document details

Collection	Alberta — Bills
Citation	L30 S4 11986
Type	bill
Volume / chapter	L30 S4 11986
Language	en
Format	json
Source	PROVINCIAL
Identifier	b46e8aecdd90d057fc3bc6ed47af3dcf7bf4da48

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