BILL 14
An Act to Amend the
Harmonized Sales Tax Act
Her Majesty, by and with the advice and
consent of the Legislative Assembly of New Brunswick, enacts as follows:
1 Section
14 of the Harmonized Sales Tax Act, chapter H-1.01 of the Acts of
New Brunswick, 1997, is amended
(a) in subsection (1) by
striking out “fifteen per cent” and substituting “14%”;
(b) in subsection (2) by
striking out “fifteen per cent” and substituting “14%”.
2 Section
22 of the Act is amended
(a) in subsection (1) by
striking out “fifteen per cent” and substituting “14%”;
(b) in subsection (2) by
striking out “fifteen per cent” and substituting “14%”.
COMMENCEMENT
3 This Act shall be deemed to have come into
force on July 1, 2006.
EXPLANATORY NOTES
Section 1
(a) The existing provision is
as follows:
14(1) Every consumer of a vehicle required to be registered under the Motor Vehicle Act or the Off-Road Vehicle Act shall pay to
the Minister for the purpose of raising of revenue for provincial
purposes, a tax at the rate of fifteen per cent of the fair value
of the vehicle, where the supply of the vehicle is made in the Province
and is not a taxable supply by a registrant under Part IX of the Excise Tax Act (Canada).
(b) The existing provision is
as follows:
14(2) Every person who brings or causes to be brought into the Province
or who receives delivery in the Province of a vehicle that is required
to be registered under the Motor
Vehicle Act or the Off-Road
Vehicle Act, for his or her own consumption or for the consumption
of another person at his or her expense, or on behalf of or as agent
for a principal who desires to utilize such vehicle for consumption
by such principal or by any other person at the expense of such principal,
shall pay to the Minister for the purpose of raising of revenue for
provincial purposes, a tax at the rate of fifteen per cent of the
fair value of the vehicle, where the supply of the vehicle is not
a taxable supply by a registrant under Part IX of the Excise Tax Act (Canada).
Section 2
(a) This existing provision
is as follows:
22(1) Every consumer of tangible personal property designated by regulation
and consumed within the Province shall pay to the Minister, for the
purpose of raising of revenue for provincial purposes, a tax in respect
of the consumption of such personal property computed at the rate
of fifteen per cent of the fair value of such personal property where
the supply of such personal property is not a taxable supply by a
registrant under Part IX of the Excise
Tax Act (Canada).
(b) The existing provision is
as follows:
22(2) Every person who brings or causes to be brought into the Province
or who receives delivery in the Province of designated tangible personal
property for his or her own consumption or for the consumption of
another person at his or her expense, or on behalf of or as agent
for a principal who desires to utilize such personal property for
consumption by such principal or by any other person at the expense
of such principal, shall pay to the Minister for the purpose of raising
revenue for provincial purposes, a tax at the rate of fifteen per
cent of the fair value of such personal property, where the supply
of the personal property is not a taxable supply by a registrant under
Part IX of the Excise Tax Act (Canada).
Section 3
Commencement provision.