The Mining Tax Amendment Act

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4th Session, 41st Legislature

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Bill 234

THE MINING TAX AMENDMENT ACT

Bilingual version (PDF)

Explanatory Note

(Assented to )

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

The Mining Tax Act is amended by this Act.

The following is added after subsection 44(3):

Payments re adverse effect on mining community — depletion of ore deposits

44(3.1)

For greater certainty,

(a) payments may be made under clause (3)(a) and loans, advances or guarantees may be made under clause (3)(b) regardless of the amount in the mining community reserve when the payment, loan, advance or guarantee is made; and

(b) the limits imposed in clause (3)(a.1) on payments made to encourage and assist exploration projects do not apply to payments, loans, advances or guarantees described in clause (3)(a) or (b).

Coming into force

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

Explanatory Note

This Bill amends The Mining Tax Act to clarify that there is no minimum amount that must be in the mining community reserve before it can be used to assist mining communities adversely affected by the suspension or closing down of mining operations.