Thank you, Mr. Speaker. Mr. Speaker,

I MOVE, seconded by the honourable Member for Inuvik Twin Lakes, that Bill 10, An Act to Amend the Income Tax Act, be read for the second time.

Mr. Speaker, this bill increases the amount of the single status tax credit, marriage or common-law partnership tax deduction, eligible dependent tax deduction, age tax credit, tax credit for mental or physical impairments that are deducted from taxes payable by an individual in the Northwest Territories for the 2002 and subsequent tax years.

This bill also establishes a minimum cost of living tax credit for the 2002 and subsequent taxation years. Thank you, Mr. Speaker.