BILL 51



An Act to Amend the Income Tax Act

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1Subsection 2.3(4) of the Income Tax Act, chapter I-2 of the Revised Statutes, 1973, is repealed and the following is substituted: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.

EXPLANATORY NOTES

Section 1

The existing provision is as follows:

2.3(4)This section applies to the 1993 to 1997 taxation years, inclusive.

Section 2

Commencement provision.

Chapter Outline Update

Sections 1 and 2

No change required.

Endorse: Hon. Edmond P. Blanchard, Q.C.


Last Modified: 10:23am , February 12, 1998