Bill 314 — Fourth Session, 22Nd Legislature, 41 Elizabeth Ii the Legislative Assembly of Alberta Bill 314 Alberta Income Tax Amendment Act, 1992 (Legislature 22, Session 4)

L22 S4 2506

Alberta — Bills

1992 BILL Fourth Session, 22nd Legislature, 41 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL ALBERTA INCOME TAX AMENDMENT ACT, 1992 MR. WICKMAN First Reading Second Reading Committee of the Whole Third Reading Royal Assent Title: 1992 (22nd, 4th) Bill 314, Alberta Income Tax Amendment Act, 1992 Bill Mr.

Wickman BILL THE ALBERTA INCOME TAX AMENDMENT ACT, 1992 (Assented to , 1992) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Alberta Income Tax Act is amended by this Act. 2 Section 10(4.2) is repealed and the following is substituted: 4.2 an individual is not entitled to a renter assistance credit for the 1987, 1988 and taxation years. 4.3 in respect of the and subsequent taxation years an individual is entitled to a credit equal to the amount established pursuant to subsection 4.1 for any taxation year in respect of which the Provincial Treasurer has by regulation prescribed the year as a year to which the credit applies. 4.4 the Provincial Treasurer shall prescribe that the credit applies to a taxation year unless the provincial rental vacancy rent as established in the Canadian Mortgage and Housing Corporation’s semi-annual survey has been above 2.5% for the previous consecutive semi-annual surveys. 3 This Act comes into force on Proclamation. 1 Explanatory Notes This Bill will amend

chapter A-31 of the Revised Statutes of Alberta 1980. 2 New subsections will provide for the re-establishment of the renter assistance tax credit from and on unless the rental vacancy rate is above 2.5% in consecutive semi-annual surveys by CMHC. 1 Title: 1992 (22nd, 4th) Bill 314, Alberta Income Tax Amendment Act, 1992

Document details

Collection	Alberta — Bills
Citation	L22 S4 2506
Type	bill
Volume / chapter	L22 S4 2506
Language	en
Format	json
Source	PROVINCIAL
Identifier	d3ffb4512372dc75ae768157e0c2043c6b186ea7

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