I-0.4 - Mining Tax Act

Section 32.4 Disposition versions

2011-06-06

32.4. (Repealed).

1996, c. 4, s. 9; 2011, c. 6, s. 62.

1996-06-13

32.4. The amount paid under section 32.3 to a qualified operator as an advance on the credit on duties for the cost of bringing an orebody into production is the lesser of the following amounts:

(1)  12% of the aggregate of all amounts each of which is the estimated cost of a property that is a road, a building, or equipment, other than service property, described in the operator’s plan to bring an orebody into production;

(2)  12% of the capital from the qualified investment;

(3)  $3,000,000.

1996, c. 4, s. 9.