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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:
The Mining Tax Act is amended by this Act.
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)".
In subsections 44(5) and (6), "$5,000,000." is struck out and "$10,000,000." is substituted.
This Act comes into force on the day it receives royal assent.