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.