I-0.4 - Mining Tax Act

Section 31 Disposition versions

1994-12-21

31. (Repealed).

1975, c. 30, s. 31; 1985, c. 39, s. 6; 1994, c. 47, s. 29.

1985-12-19

31. An operator may deduct from the duties payable by him for each fiscal year, as credit on duties, an amount equal to the lesser of

(a)  the duties payable for the fiscal year under section 30, and

(b)  $90 000.

1975, c. 30, s. 31; 1985, c. 39, s. 6.

1977-12-31

31. The duties payable by an operator on his annual profit, less the exemption, shall be:

(a)  15 per cent of the profit not exceeding $3 000 000;

(b)  20 per cent of the profit exceeding $3 000 000 but not exceeding $10 000 000;

(c)  25 per cent of the profit exceeding $10 000 000 but not exceeding $20 000 000;

(d)  30 per cent of the profit exceeding $20 000 000.

1975, c. 30, s. 31.