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NS224INTRODUCEDTAX & FISCALNOVA SCOTIA
Income Tax Act (amended)
Long title not yet sourced from the legislative registry.
- Sponsor
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- Introduced
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- Royal assent
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- Final vote
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Legislative timeline
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Bill overview
Bill NS224, “Income Tax Act (amended)”, is a Nova Scotia bill from session assembly-59-session-1.
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
Status changed: 2005-10-13T00:00:00.000
Key provisions
- 01This bill amends the Income Tax Act to include a new section on tax deductions for charitable donations.
- 02The amendments to the Income Tax Act come into force on a date to be determined by the Minister of Finance.
- 03The Minister of Finance is authorized to make regulations respecting the administration of the tax deductions for charitable donations.
- 04A taxpayer who makes a charitable donation in excess of $200 in a calendar year is eligible for a tax credit.
- 05The tax credit for charitable donations is calculated as 25% of the amount of the donation in excess of $200.
Vote roll
No division has been recorded for this bill yet.