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NS99INTRODUCEDTAX & FISCALNOVA SCOTIA
Revenue 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 NS99, “Revenue Act (amended)”, is a Nova Scotia bill from session assembly-61-session-4.
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: 2012-10-25T00:00:00.000
Key provisions
- 01This bill amends the Revenue Act to increase the tax rate on corporations from 12% to 15%.
- 02The amended tax rate will apply to all corporate income earned on or after January 1, 2013.
- 03The Minister of Finance is authorized to make regulations to implement the tax rate change.
- 04The regulations will come into force on a date to be fixed by the Minister.
- 05The bill will be referred to the Standing Committee on Finance for review and report.
- 06The committee will submit its report to the Assembly within 60 days of receiving the bill.
Vote roll
No division has been recorded for this bill yet.