Chamber
newfoundland_labrador
Stage
Introduced
This Newfoundland bill maintains a 7-cent-per-litre tax reduction on most grades of gasoline in the province.
Key Changes
- Maintains the provincial gasoline tax on most grades at $0.075 per litre (a 7-cent reduction from the previous higher rate)
- Sets propane fuel tax at $0.07 per litre
- Sets commercial marine vessel fuel tax at $0.035 per litre
- Sets diesel fuel tax at $0.095 per litre
- Sets aviation fuel tax at $0.025 per litre
- Replaces (repeals and re-enacts) Section 51 of the Revenue Administration Act with updated tax rates
Gotchas
- The bill makes the 7-cent reduction permanent in legislation rather than as a temporary measure, meaning a future legislative amendment would be required to change the rate again
- Commercial marine vessels (non-pleasure craft) receive a significantly lower tax rate ($0.035/litre) compared to regular gasoline, which is a notable carve-out for the fishing and marine industry
- Aviation fuel is taxed at the lowest rate ($0.025/litre), reflecting a separate policy treatment for that sector
- The bill does not address the federal carbon price or other federal fuel levies, which are separate from this provincial tax
- Maintaining the reduced rate represents a continued reduction in provincial fuel tax revenue compared to the previous higher rate
Who's Affected
- General consumers who purchase gasoline in Newfoundland and Labrador
- Commercial trucking and transportation businesses
- Commercial fishing and marine vessel operators
- Aviation operators and airlines
- Propane users and distributors
- Provincial government revenue
Vibes
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Gotchas
- The bill makes the 7-cent reduction permanent in legislation rather than as a temporary measure, meaning a future legislative amendment would be required to change the rate again
- Commercial marine vessels (non-pleasure craft) receive a significantly lower tax rate ($0.035/litre) compared to regular gasoline, which is a notable carve-out for the fishing and marine industry
- Aviation fuel is taxed at the lowest rate ($0.025/litre), reflecting a separate policy treatment for that sector
- The bill does not address the federal carbon price or other federal fuel levies, which are separate from this provincial tax
- Maintaining the reduced rate represents a continued reduction in provincial fuel tax revenue compared to the previous higher rate
Summary
This bill amends Newfoundland and Labrador's Revenue Administration Act No. 2 to keep the tax on most grades of gasoline at $0.075 per litre, preserving a previously introduced 7-cent-per-litre reduction. Without this amendment, the tax rate on general gasoline would revert to a higher level. The bill sets out specific tax rates for different types of fuel purchased at retail in the province: propane at $0.07/litre, commercial marine fuel at $0.035/litre, diesel at $0.095/litre, aviation fuel at $0.025/litre, and all other gasoline (including regular car fuel) at $0.075/litre. This legislation was introduced by the Minister of Finance and is intended to provide continued relief at the gas pump for consumers and businesses in Newfoundland and Labrador by locking in the reduced rate through a formal legislative change.
Automatically generated from bill text using Claude
Vibes
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