BILL 34

An Act to Amend the Metallic Minerals Tax Act

Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:

1 Subsection 1(1) of the Metallic Minerals Tax Act, chapter M-11.01 of the Revised Statutes, 1973, is amended

(a)  by repealing the definition “date of commencement of production” and substituting the following:

“date of commencement of production” means the day determined by the mine assessor, from information provided by the Minister of Natural Resources under the Mining Act, as the first day of the three month period throughout which the mine operates, during each month of the three-month period, at sixty per cent or more of its planned capacity; (date du début de la production)

(b)  by repealing the definition “Minister” and substituting the following:

“Minister” means the Minister of Finance; (Minister)

2 Subsection 3(1) of the Act is amended by striking out “of Finance”.

3 Section 10 of the Act is amended by adding after subsection (3) the following:

10(4) The Minister of Natural Resources may provide any information submitted or delivered to the Minister of Natural Resources under the Mining Act to the mine assessor in order for the mine assessor to determine the date of commencement of production.

4 Section 21 of the Act is amended by striking out “of Finance”.

EXPLANATORY NOTES

Section 1

(a)  The existing provision is as follows:

“date of commencement of production” means the day determined by the mine assessor, from information supplied to the Minister under the Mining Act, as the first day of the three month period throughout which the mine operates, during each month of the three-month period, at sixty per cent or more of its planned capacity; (date du début de la production)

(b)  The existing provision is as follows:

“Minister” means the Minister of Natural Resources; (Ministre)

Section 2

Consequential amendment.

Section 3

New provision.

Section 4

Consequential amendment.