Bill 207 — Fourth Session, 30Th Legislature, 1 Charles Iii the Legisla Tive Assembly of Alberta Bill 207 Jobs and Investment Incentives Proposal Act (Legislature 30, Session 4)

L30 S4 12000

Alberta — Bills

2023 Bill 207 Fourth Session, 30th Legislature, 1 Charles III THE LEGISLA TIVE ASSEMBLY OF ALBERTA BILL 207 JOBS AND INVESTMENT INCENTIVES PROPOSAL ACT MR. EGGEN First R eading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Second Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Committee of the Whole . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Third Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

1 Bill 207 Mr. Eggen BILL 207 2023 JOBS AND INVESTMENT INCENTIVES PROPOSAL ACT (Assented to , 2023) HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows:

Definitions 1 In this Act, (a) “legislative proposal” means a proposal to establish or provide for investment incentives by means of an enactment; (b) “Minister” means the Minister determined under

section 16 of the Government Organization Act as the Minister responsible for this Act; (c) “investment incentive” means any of the following: (

i) a deduction, exemption or deferral of an amount of tax payable by a corporation under an enactment; (ii) a refund of an amount of tax paid by a corporation under an enactment. Legislative proposal 2(1) The Minister must, within one year of the coming into force of this Act, prepare a legislative proposal that establishes or provides investment incentives to corporations for carrying out any of the following: (

a) making capital expenditures in respect of the following economic sectors:

2 (

i) processing and refining of critical minerals, as defined in the legislative proposal; (ii) manufacturing of technologies that are designed to reduce greenhouse gas emissions by a prescribed industrial or commercial facility or process; (iii) production and processing of carbon materials that meet prescribed standards; (iv) development of prescribed classes of advanced manufacturing facilities; (

b) in addition to making an expenditure under clause (a), meeting prescribed thresholds in respect of the following: (

i) training and employing individuals; (ii) prescribed economic benefits; (iii) producing or delivering prescribed products or services in respect of the economic sectors referred to in clause (a).

(2) The legislative proposal may provide for the thresholds referred to in subsection (1)(

b) to be either or both of the following: (

a) a requirement to be eligible for an investment incentive; (

b) a condition of receiving an investment incentive. Considerations for legislative proposal 3 In developing the legislative proposal under

section 2, the Minister must (

a) design the proposal in a manner that facilitates (

i) increasing the Province’s overall employment and average wage rates, (ii) scientific research and development, and (iii) the training of individuals in respect of the economic sectors referred to in

section 2(1)(a), and (

b) ensure that investment incentives are greater in respect of capital expenditures made by corporations to develop or use technologies or processes that are prescribed as new technologies or processes.

3 Minister to bring proposal before Legislative Assembly 4(1) The Minister must, within one year of the coming into force of this Act, bring the legislative proposal prepared under

section 2 before the Legislative Assembly for its consideration.

(2) On the legislative proposal being brought forward under subsection (1), the Legislative Assembly must (

a) consider the legislative proposal for at least 2 hours, and (

b) within 8 sitting days, dispose of it by resolution.

(3) If the Assembly does not consider the legislative proposal in accordance with subsection (2), the Assembly is considered to have passed a resolution under subsection (2)(

b) in support of the legislative proposal. Requirement to enact legislative proposal 5 Unless the Legislative Assembly rejects the legislative proposal in its entirety, as soon as practicable after the disposition of a legislative proposal under

section 4(2)(b) (

a) the Minister must introduce in the Assembly a Bill that proposes to enact the legislative proposal, and (

b) the Government must take all necessary steps to make the regulations required to be made to implement the legislative proposal.

Record of Debate STAGE DATE MEMBER FROM TO TOTAL CUMULATIVE TOTAL Title: 2023 (30th, 4th) Bill 207, Jobs and Investment Incentives Proposal Act

Document details

Collection	Alberta — Bills
Citation	L30 S4 12000
Type	bill
Volume / chapter	L30 S4 12000
Language	en
Format	json
Source	PROVINCIAL
Identifier	e3596457aa4634ddacdaf3de659016817ae8ef52

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