BILL 43

An Act to Amend the Tuition Tax Cash Back Credit Act

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

1 Section 4 of the Tuition Tax Cash Back Credit Act, chapter T-16.5 of the Acts of New Brunswick, 2006, is amended

(a)  in paragraph (2)(b) by striking out “$2,000” and substituting “$4,000”;

(b)  in paragraph (3)(b) by striking out “$10,000” and substituting “$20,000”.

CONSEQUENTIAL AMENDMENT

Amendment to the New Brunswick Income Tax Act

2 Section 30.1 of the New Brunswick Income Tax Act, chapter N-6.001 of the Acts of New Brunswick, 2000, is amended

(a)  in paragraph (4)(b) by striking out “$2,000” and substituting “$4,000”;

(b)  in paragraph (5)(b) by striking out “$10,000” and substituting “$20,000”.

COMMENCEMENT

3 This Act shall be deemed to have come into force on January 1, 2009.