BILL NO. 27

(as introduced)

2nd Session, 59th General Assembly
Nova Scotia
55 Elizabeth II, 2006

Private Member's Bill

Income Tax Act
(amended)

Bill Estabrooks
Timberlea-Prospect

First Reading: May 5, 2006

(Explanatory Note)

Second Reading:

Third Reading:

This Bill establishes a school-supply tax credit for teachers and child-care providers to a maximum of $500 per year.

1 Chapter 217 of the Revised Statutes, 1989, the Income Tax Act, is amended by adding immediately after Section 16 the following Section:

16A (1) In this Section,

(a) "approved facility" means a day-care facility designated by regulation;

(b) "eligible expense" means an expense incurred for the purchase of school supplies designated by regulation;

(c) "eligible individual" means a teacher designated by regulation or a child-care provider who works at an approved facility.

(2) Subject to subsection (5), an eligible individual who incurs eligible expenses in a taxation year may deduct from the individual's tax payable for a taxation year under this Act an amount determined by regulation not to exceed five hundred dollars per year.

(3) An eligible individual who claims eligible expenses for a taxation year shall complete the forms prescribed by regulation in the time and manner prescribed by regulation.

(4) The Governor in Council may make regulations

(a) designating teachers, approved facilities and school supplies for the purpose of this Section;

(b) respecting forms to be used for claiming a deduction pursuant to this Section;

(c) respecting the calculation of the school-supply tax credit;

(d) defining any word or expression used but not defined in this Section;

(e) deemed necessary or advisable by the Governor in Council to carry out effectively the intent and purpose of this Section.

(5) The sums required for the purpose of this Act shall be paid out of money appropriated by the Legislature for that purpose.