First

Session, 50th General Assembly

Elizabeth II, 2022

BILL 60

AN ACT TO AMEND THE

REVENUE ADMINISTRATION ACT

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 increase

the tax rates on carbon products.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION

ACT

Analysis

S.72.1 Amdt.

Tax levied on carbon product

Commencement

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

SNL2009 cR-15.01

as amended

1. Subsection 72.1(1) of the Revenue Administration Act is repealed and the following

substituted:

Tax levied on

carbon product

72.1

(1) In addition t o the tax that may be payable under

section 51, a person who acquires a carbon product at a retail sale in the

province shall pay to the Crown at the time of the sale

(

a) on butane, a tax of

$0.0890 per litre;

(

b) on ethane, a tax of

$0.0509 per litre;

(

c) on gas liquids, a

tax of $0.0832 per litre;

(

d) on gasoline, a tax

of $0.1105 per litre;

(

e) on heavy fuel oil, a

tax of $0.1593 per litre;

(

f) on kerosene, a tax

of $0.1291 per litre;

(

g) on light fuel oil, a

tax of $0.1341 per litre;

(

h) on methanol, a tax

of $0.0549 per litre;

(

i) on naphtha, a tax of

$0.1127 per litre;

(

j) on petroleum coke, a

tax of $0.1919 per litre;

(

k) on pentanes plus, a

tax of $0.0890 per litre;

(

l) on propane, a tax of

$0.0774 per litre;

(

m) on coke oven gas, a

tax of $0.0350 per cubic metre;

(

n) on marketable

natural gas, a tax of $0.0979 per cubic metre;

(

o) on non-marketable

natural gas, a tax of $0.1293 per cubic metre;

(

p) on still gas, a tax

of $0.1350 per cubic metre;

(

q) on coke, a tax of $158.99

a tonne;

(

r) on high heat value

coal, a tax of $112.58 a tonne;

(

s) on low heat value

coal, a tax of $88.62 a tonne; and

(

t) on combustible

waste, a tax of $99.87 a tonne.

Commencement

2. This Act is considered to have come into force

on May 1, 2022.

Queen's Printer