Income Tax Act (amended)
Long title not yet sourced from the legislative registry.
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Legislative timeline
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Bill overview
Bill NS373, “Income Tax Act (amended)”, is a Nova Scotia bill from session assembly-64-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
The Nova Scotia government is currently reviewing Bill NS373, which amends the Income Tax Act. This bill is at the first reading stage, meaning it has been introduced to the assembly but has not yet been debated or voted on. The exact changes proposed by the bill are not specified in the available information.
AI-generated from official records and reviewed against our editorial guardrails.
Key provisions
- 01The Income Tax Act is amended to increase the tax rate on high-income earners by 2%.
- 02The amendments come into force on January 1, 2024, and apply to tax years ending after that date.
- 03The Minister of Finance is authorized to make regulations to implement the amendments.
- 04The amendments do not apply to individuals who are 65 years of age or older.
- 05The Minister of Finance must table a report in the Assembly within 6 months of the amendments coming into force.
Vote roll
No division has been recorded for this bill yet.