61 st Legislature - 2 nd Session An Act Respecting the New Brunswick Income Tax Act and the Small Business Investor Tax Credit Act
Long title not yet sourced from the legislative registry.
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Legislative timeline
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Bill overview
Bill 61-2-39, “61 st Legislature - 2 nd Session An Act Respecting the New Brunswick Income Tax Act and the Small Business Investor Tax Credit Act”, is a New Brunswick bill from session 61-2.
Its latest recorded status is “Introduced”.
This overview is written automatically from the registry and vote records on this page and updates when they sync. It describes the bill's path, not its merits.
PLAIN-LANGUAGE SUMMARY
What you need to know
This bill in New Brunswick introduces changes to the Income Tax Act and the Small Business Investor Tax Credit Act. It updates the tax credit for small business investments, including the amount and eligibility criteria, and makes other technical amendments to the tax laws. The bill also clarifies the rules for tax credits and deductions, aiming to simplify the tax system and provide more support for small businesses and investors.
AI-generated from official records and reviewed against our editorial guardrails.
Key provisions
- 01This Act amends the New Brunswick Income Tax Act to reflect changes in federal income tax laws.
- 02The New Brunswick government is authorized to make regulations respecting the Small Business Investor Tax Credit Act.
- 03The Minister of Finance is responsible for administering the Small Business Investor Tax Credit Act.
- 04This Act comes into force on a date to be proclaimed by the Lieutenant Governor in Council.
- 05The New Brunswick Income Tax Act and the Small Business Investor Tax Credit Act are amended to reflect changes in the Canada Revenue Agency's policies.
Vote roll
No division has been recorded for this bill yet.