Debates of October 26, 2006 (day 16)

Mr. Speaker, I move, seconded by the honourable Member for Weledeh, that Bill 20, An Act to Amend the Income Tax Act, be read for the second time.

Mr. Speaker, this bill amends the Income Tax Act to reflect and address proposed changes to the Income Tax Act (Canada) that would lower the income tax rate on large corporation dividends received by Canadians. The bill would lower the Northwest Territories income tax rate on those dividends. The bill would not come into force unless the proposed amendments to the Income Tax Act (Canada) come into force. Thank you, Mr. Speaker.

Thank you, Mr. Roland. Motion is on the floor. Motion is in order. To the principle of the bill.

Question.

Question is being called. All those in favour? Opposed? Motion is carried.

---Carried

Mr. Roland.

Thank you, Mr. Speaker. I seek unanimous consent to waive Rule 69(2) to have Bill 20, An Act to Amend the Income Tax Act, moved into Committee of the Whole. Thank you.