First

Session, 50th General Assembly

Elizabeth II, 2021

BILL 21

AN ACT TO AMEND THE

REVENUE ADMINISTRATION ACT NO. 2

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

NO. 2

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 Subsection 72.1(1) of the Revenue Administration Act is repealed and the following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 to 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 $0.0712

per litre;

(

b) on ethane, a tax of $0.0408

per litre;

(

c) o n gas liquids, a

tax of $0.0666 per litre;

(

d) on gasoline, a tax

of $0.0884 per litre;

(

e) on heavy fuel oil, a

tax of $0.1275 per litre;

(

f) on kerosene, a tax

of $0.1033 per litre;

(

g) on light fuel oil, a

tax of $0.1073 per litre;

(

h) on methanol, a tax

of $0.0439 per litre;

(

i) on naphtha, a tax of

$0.0902 per litre;

(

j) on petroleum coke, a

tax of $0.1535 per litre;

(

k) o n pentanes plus, a

tax of $0.0712 per litre;

(

l) on propane, a tax of

$0.0619 per litre;

(

m) on coke oven gas, a

tax of $0.0280 per cubic metre;

(

n) on marketable

natural gas, a tax of $0.0783 per cubic metre;

(

o) on non-marketable

natural gas, a tax of $0.1034 per cubic metre;

(

p) on still gas, a tax

of $0.1080 per cubic metre;

(

q) on coke, a tax of

$127.19 a tonne;

(

r) on high heat value

coal, a tax of $90.07 a tonne;

(

s) on low heat value

coal, a tax of $70.90 a tonne; and

(

t) on combustible

waste, a tax of $79.89 a tonne.

Commencement

2. This Act comes into force on July 1, 2021.

Queen's Printer