3rd Session, 42nd Legislature
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Bill 48
THE FISCAL RESPONSIBILITY AND TAXPAYER PROTECTION 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:
The Fiscal Responsibility and Taxpayer Protection Act is amended by this Act.
Clause 4(2)(a) is replaced with the following:
(a) in relation to the 2020-2021 fiscal year, the deficit reported under section 7 for that year; and
Subclause 4(2)(b)(i) is replaced with the following:
(i) the amount equal to 1/8 of the deficit described in clause (a),
Subsection 6(4) is amended by adding the following after clause (a):
(a.1) an expenditure incurred in the fiscal year ending on March 31, 2022, in response to the pandemic caused by the communicable disease known as COVID-19;
The following is added after subsection 7(1):
Exception for 2020-2021 fiscal year
Clause (1)(a.1) does not apply in respect of the 2020-2021 fiscal year.
Subsection 8(6) is amended by replacing everything after "according to the following formula:" with the following:
Reduction = A × (B − C)/B
In this formula,
A
is the amount withheld for that year under subsection (2);
B
is the amount equal to 1/8 of the deficit reported under section 7 for the 2020-2021 fiscal year;
C
is the lesser of
(a) the amount equal to 1/8 of the deficit reported under section 7 for the 2020-2021 fiscal year, and
(b) the amount by which the baseline amount exceeds the deficit.
If the amount withheld for the fiscal year exceeds the salary reduction for that year, the excess is payable to the person for that fiscal year, without interest.
The following is added after
subsection 8(11):
Transitional: 2020-2021 fiscal year
This section does not apply to the 2020-2021 fiscal year.
Subsection 8.1(1) is amended by striking out "after 2017 and before 2026" and substituting "after 2021 and before 2030".
On the day after this Act receives royal assent, the amount equal to the portion of the ministerial salary that has been withheld from a person under subsection 8(2) for the 2020-2021 fiscal year is payable to the person for that fiscal year, without interest.
This Act is deemed to have come into force on April 1, 2020.