BILL NO. 121
(as introduced)
2nd Session, 62nd General Assembly
Nova Scotia
64 Elizabeth II, 2015
Fighting Hunger with Local Food Act
Allan MacMaster
Inverness
First Reading: November 13, 2015
Second Reading:
Third Reading:
Explanatory Note
An Act to Amend Chapter 217
of the Revised Statutes, 1989,
the Income Tax Act,
to Provide a Food Bank Donation
Tax Credit for Farmers
Be it enacted by the Governor and Assembly as follows:
1 This Act may be cited as the Fighting Hunger with Local Food Act.
2 Chapter 217 of the Revised Statutes, 1989, the Income Tax Act, is amended by adding immediately after Section 11 the following Section:
(2) The amount to be used for "B" in the formula set out in Section 11 is the lesser of
(a) $200 minus four times the amount of the tax credit claimed under Section 49B for the year; and
(b) that part of the individual's total gifts for the year under Section 118.1 of the Federal Act that was used to determine the amount deducted by the individual for the year under subsection 118.1(3) of that Act minus four times the amount of the tax credit claimed under Section 49B for the year.
(3) The amount to be used for "D" in the formula set out in Section 11 is the amount determined in clause (2)(b).
TO FARMERS AND FARM CORPORATIONS
(a) "agricultural product" has the meaning prescribed by the regulations made under this Section;
(b) "eligible donation" means the wholesale value of an agricultural product produced in the Province by an eligible farmer and donated by the eligible farmer to an eligible food bank in the Province;
(ii) a corporation that carries on the business of farming in the Province;
(ii) is engaged in the Province in the distribution of food to the public without charge, and
(iii) satisfies such other conditions as may be prescribed by the regulations made under this Section.
(a) the amount of tax payable by the eligible farmer under this Act for the year before making a deduction under this Section; and
(b) the eligible farmer's food bank donation amount for the year as determined under subsection (3).
(3) An eligible farmer's food bank donation amount for a taxation year is determined as follows:
(a) determine the sum of the eligible farmer's eligible donations made in the year and in the previous five taxation years;
(b) multiply the amount determined under clause (a) by 25%;
(c) determine the sum of the amounts, if any, deducted under this Section for the previous five taxation years; and
(d) deduct the amount determined under clause (c) from the amount determined under clause (b) to determine the food bank donation amount for the year.
(4) Where, in a particular taxation year of an eligible farmer that is a member of a partnership, but is not a limited partner, an amount would, if the partnership were a eligible farmer, be determined in respect of the partnership under subsection (3) for its taxation year ending in that particular taxation year, the portion of that amount that may reasonably be considered to be the eligible farmer's share thereof is the amount required to be added in computing the food bank donation amount of the eligible farmer at the end of that particular taxation year.
(5) The Governor in Council may make regulations
(a) prescribing agricultural products;
(b) prescribing rules for determining the wholesale value of agricultural products;
(c) prescribing conditions that must be satisfied for a person or entity to be an eligible food bank;
(d) defining any word or expression used but not defined in this Act;
(e) respecting any matter or thing the Governor in Council considers necessary or advisable to effectively carry out the intent and purpose of this Section.
(6) The exercise by the Governor in Council of the authority contained in subsection (5) is regulations within the meaning of the Regulations Act.
(7) The money required for the purpose of this Section must be paid out of money appropriated for that purpose by the Legislature and, for greater certainty, no deduction may be made pursuant to this Section until the moneys are appropriated by the Legislature.
This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 2015 Crown in right of Nova Scotia. Created November 13, 2015. Send comments to legc.office@novascotia.ca.
