Thank you. Which clause are you referring to, Mr. Todd?
Debates of Sept. 17th, 1998
This is page numbers 57 - 80 of the Hansard for the 13th Assembly, 6th Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was tax.
Topics
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
The Chair John Ningark
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
John Todd Keewatin Central
I am referring to clause 21 (3)(a) and (b) of Bill 3.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
The Chair John Ningark
Thank you. Proceed Mr. Todd.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
September 16th, 1998
Page 76
John Todd Keewatin Central
Thank you, Mr. Chairman and thank you colleagues. That subclause 21(3)(a) and (b) of Bill 3, be amended by striking out $3,500 and by substituting $5,000. Thank you.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
The Chair John Ningark
Thank you. The motion is in order. To the motion. Mr. Henry.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Seamus Henry Yellowknife South
Thank you, Mr. Chairman. Could the Minister advise, I understand that in a calculation of $100,000, it would mean a variance of $225 less. Could the Minister elaborate on how this came about from his initial proposal?
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
The Chair John Ningark
Thank you. Mr. Todd.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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John Todd Keewatin Central
I believe in my opening comments, I did indicate the federal labour sponsored venture capital tax credit that changes were done at the federal level that, we wanted to make sure that our tax credit remains harmonized with the federal one. It still accomplishes the effect that we want in relationship to the credit itself. Thank you.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
The Chair John Ningark
Thank you. To the motion. Mr. Henry.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
Seamus Henry Yellowknife South
Thank you, Mr. Chairman. Could the Minister clarify if this, in fact, could have been left initially the way it is, or is this amendment necessary to conform to ensure this act does conform to the federal legislation?
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
The Chair John Ningark
Thank you. Mr. Todd. To the motion.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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John Todd Keewatin Central
I think it is important that we try to conform to the national legislation and that is what we are trying to do here. Thank you.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair John Ningark
To the motion are there any further comments or questions. Question has been called. All those in favour? All those opposed? The motion is carried. Clause 21 as amended, do we agree?
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
The Chair John Ningark
Thank you. Clause 21 is amended. On page 22 clause 22. Agreed?
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
Some Hon. Members
Agreed.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
The Chair John Ningark
Thank you. Part 3, The Employee Venture Capital Corporations, Clause 23. Agreed?
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
Some Hon. Members
Agreed.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
The Chair John Ningark
Thank you. Page 24, Clause 24. Agreed?
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
Some Hon. Members
Agreed.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 76
The Chair John Ningark
Thank you. Page 25, Clause 25. Agreed?
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 77
Some Hon. Members
Agreed.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 77
The Chair John Ningark
Thank you. Move on to page 29, Clause 26 of Bill 3. Agreed?
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 77
Some Hon. Members
Agreed.
Committee Motion 1-13(6): Motion To Amend Subclause 21(3)(a) And (b) Of Bill 3: Risk Capital Investment Tax Credit Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 77
The Chair John Ningark
Thank you. Page 31, Clause 27. Agreed?