Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:
1Subsection 2.3(4) of the Income Tax Act, chapter I-2 of the Revised Statutes, 1973, is repealed and the following is substituted:
2.3(4)This section applies to the 1993 to 1997 taxation years, inclusive, and to any subsequent taxation year prescribed by regulation.
2This Act shall be deemed to have come into force on January 1, 1998.
The existing provision is as follows:
2.3(4)This section applies to the 1993 to 1997 taxation years, inclusive.
Chapter Outline Update
Sections 1 and 2
No change required.
Endorse: Hon. Edmond P. Blanchard, Q.C.