2004 Legislative Session: 5th Session, 37th Parliament
THIRD READING


The following electronic version is for informational purposes only.
The printed version remains the official version.


Certified correct as passed Third Reading on the 25th day of October, 2004
Ian D. Izard, Q.C., Law Clerk


HONOURABLE GARY COLLINS
MINISTER OF FINANCE

BILL 76 -- 2004

SOCIAL SERVICE TAX AMENDMENT ACT (No. 2), 2004

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1 Sections 6 (1) and (3) (a), 10 (1) (a) and (b) (i), 20 (1) (a) and (b) (i), 25 (1) and (3) (a), 31 (1), 36 (1), 37 (2) (a) and (b) (i), 40 (1), 41 (2) (c), 46 (1) and (2), 47 (1) and 53 of the Social Service Tax Act, R.S.B.C. 1996, c. 431, are amended by striking out "7.5%" and substituting "7%".

2 Section 29 (3) is repealed and the following substituted:

(3) In each calendar year in which tax is payable under subsection (1), the tax rate in respect of the vehicle is the rate shown opposite the applicable calendar year as follows:

Calendar Year Tax Rate
acquisition year 3.294%
1st calendar year after the acquisition year 2.646%
2nd calendar year after the acquisition year 2.177%
3rd calendar year after the acquisition year 1.838%
4th calendar year after the acquisition year 1.597%
5th calendar year after the acquisition year 1.577%
6th calendar year after the acquisition year 1.509%
7th calendar year after the acquisition year 1.486%
8th calendar year after the acquisition year 1.497%
9th and subsequent calendar years after the acquisition year 1.533% .

Commencement

3 The provisions of this Act referred to in column 1 of the following table come into force as set out in column 2 of the table:

Item Column 1
Provisions of Act
Column 2
Commencement
1 Section 1 October 21, 2004
2 Section 2 April 1, 2005

[ Return to: Legislative Assembly Home Page ]

Copyright © 2004: Queen's Printer, Victoria, British Columbia, Canada