Bill No. 36
Income Tax Act (amended)
An Act to Amend Chapter 217 of the Revised Statutes, 1989, the Income Tax Act, respecting Donations by Farmers to Food Banks
|First Reading||April 20, 2012|
|Second Reading Debates|
|Second Reading Passed|
|Law Amendments Committee|
|Committee of the Whole House|
|Third Reading Debates|
Clause 1 provides that if a donation is claimed for the year, no charitable donation tax credit may be claimed in respect of the donated agricultural products.
Clause 2 provides a non-refundable tax credit to eligible farmers in Nova Scotia who donate certain agricultural products they produced to Nova Scotia food banks.
Clause 3 provides that this Act comes into force on proclamation.