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The Mining Tax Amendment Act

This is an unofficial version.
If you need an official copy, contact Statutory Publications.

S.M. 1998, c. 12

THE MINING TAX AMENDMENT ACT


 

(Assented to June 29, 1998)

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

C.C.S.M. c. M195 amended

1         The Mining Tax Act is amended by this Act.

2(1)      Subsection 44(3) is amended

(a) by adding the following after clause (a):

(a.1) where the amount in the mining community reserve exceeds $10,000,000., direct the expenditure from the reserve of the amount, or any part of the amount, by which the reserve exceeds $10,000,000. to encourage and assist exploration projects that contribute to the welfare and employment of persons residing in mining communities;

(b) in clauses (c) to (e), by striking out "clause (a)" and substituting "clauses (a) and (a.1)".

2(2)      In subsections 44(5) and (6), "$5,000,000." is struck out and "$10,000,000." is substituted.

Coming into force

3 This Act comes into force on the day it receives royal assent.