HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1 Section 34 of the Provincial Sales Tax Act, S.B.C. 2012, c. 35, is amended

(a) by adding the following subsection:

(1.01) In this section, "used passenger vehicle" means a passenger vehicle that has been

(a) previously purchased, and

(b) driven at least 6 000 kilometres. ,

(b) in subsection (3) by striking out "subsections (3.1), (5), (6) and (6.1)" and substituting "subsections (3.1), (5), (6), (6.1) and (6.2)" ,

(c) in subsection (3.1) by striking out "subsections (5), (6) and (6.1)," and substituting "subsections (5), (6), (6.1) and (6.2)" ,

(d) in subsection (5) by striking out "subsections (6) and (6.1)" and substituting "subsections (6), (6.1) and (6.2)" ,

(e) in subsection (6) by adding "or a used passenger vehicle" after "a zero-emission vehicle" , and

(f) by adding the following subsection:

(6.2) The rate of tax payable under sections 37, 49 (6) (a), 50 (2) (a), 51 (6), 52 and 81 to 86 on a passenger vehicle that is a used passenger vehicle is 0% of the purchase price of the used passenger vehicle, if the purchase price of the used passenger vehicle is less than $20 000.

Commencement

2 This Act comes into force on the date of Royal Assent.

Explanatory Note

CLAUSE 1: [Provincial Sales Tax Act, section 34]

• adds a definition;
• makes amendments consequential to amendments made by this Bill to the Act;
• reduces the rate of tax payable on a used passenger vehicle if the purchase price is less than $20 000.