BILL NO. 257

(as introduced)

2nd Session, 60th General Assembly
Nova Scotia
58 Elizabeth II, 2009

Private Member's Bill

Manufacturing and Processing Employment Act

The Honourable Darrell Dexter
Cole Harbour

First Reading: May 1, 2009

(Explanatory Note)

Second Reading:

Third Reading:

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Explanatory Note

This Bill amends the Income Tax Act to provide a 10% manufacturing and processing investment tax credit of which 75% is refundable.

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An Act to Create Thousands of Secure Jobs
in the Manufacturing and
Processing Sectors in Nova Scotia

Be it enacted by the Governor and Assembly as follows:

1 This Act may be cited as the Manufacturing and Processing Employment Act.

2 The purpose of this Act is to create approximately two thousand two hundred secure jobs in the manufacturing and processing sectors in the Province.

3 Chapter 217 of the Revised Statutes, 1989, the Income Tax Act, is amended by adding immediately after Section 49 the following Section:

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