Drilling Rig (Provincial Sales Tax – Geothermal Drilling) Remission Regulations, F-13.4 Reg 47

1 THE DRILLING RIG (PROVINCIAL SALES TAX – GEOTHERMAL DRILLING) REMISSION F-13.4 REG 45 The Drilling Rig (Provincial Sales Tax – Geothermal Drilling) Remission Regulations being Chapter F-13.4 Reg 47 (effective June 1, 2023). NOTE: This consolidation is not official. Amendments have been incorporated for convenience of reference and the original statutes and regulations should be consulted for all purposes of interpretation and application of the law. In order to preserve the integrity of the original statutes and regulations, errors that may have appeared are reproduced in this consolidation. 2 THE DRILLING RIG (PROVINCIAL SALES TAX – F-13.4 REG 47 GEOTHERMAL DRILLING) REMISSION Table of Contents 1 Title 2 Definitions and interpretation 3 Remission 4 Application for remission 5 Payment of remission 6 Overpayment 7 Coming into force 3 THE DRILLING RIG (PROVINCIAL SALES TAX – GEOTHERMAL DRILLING) REMISSION F-13.4 REG 45 CHAPTER F-13.4 REG 47 The Financial Administration Act, 1993 Title 1 These regulations may be cited as The Drilling Rig (Provincial Sales Tax – Geothermal Drilling) Remission Regulations. Definitions and interpretation 2(1) In these regulations: “Act” means The Provincial Sales Tax Act; “remission” means a remission of tax pursuant to these regulations; “specified geothermal drilling” means geothermal drilling for the purposes of exploring for or generating, on a commercial basis, a supply of electrical energy or steam that is to be provided for further distribution or transmission in accordance with The Power Corporation Act; “tax” means the tax payable pursuant to the Act. (2) The definitions set out in the Act and the regulations made pursuant to the Act apply for the purposes of these regulations. 26 May 2023 cF-13.4 Reg 47 s2. Remission 3(1) Subject to subsections (2) and (3) and section 4, every purchaser is granted a remission of the full amount of tax on the purchase of a drilling rig during the period commencing on April 1, 2017 and ending on March 31, 2023 that is used for specified geothermal drilling. (2) A purchaser mentioned in subsection (1) must have used the drilling rig mentioned in that subsection substantially for the purposes of any or all of the following: (a) specified geothermal drilling; (b) any of the activities set out in subclauses 18.61(5)(a)(i) to (iii) of The Provincial Sales Tax Regulations. (3) For the purposes of subsection (1), subsections 18.61(4) and (6) and clause (5)(b) of The Provincial Sales Tax Regulations apply, with any necessary modification. 26 May 2023 cF-13.4 Reg 47 s3. Application for remission 4(1) Subject to subsection (2), a purchaser who wishes to claim a remission pursuant to section 3 shall: (a) apply to the minister in a form satisfactory to the minister; and 4 THE DRILLING RIG (PROVINCIAL SALES TAX – F-13.4 REG 47 GEOTHERMAL DRILLING) REMISSION (b) provide the minister with information to establish to the minister’s satisfaction: (i) that the purchaser is entitled to the remission; and (ii) the amount of the remission. (2) An application pursuant to subsection (1) must be received by the minister on or before March 31, 2025. 26 May 2023 cF-13.4 Reg 47 s4. Payment of remission 5(1) Subject to subsection (2), if the minister grants a remission pursuant to section 3, the minister shall pay the amount of the remission to the purchaser. (2) If a purchaser is eligible to receive a remission of tax but has an outstanding debt due and owing to the Crown, the minister may: (a) if the debt is equal to or greater than the amount of the remission, apply all of the remission towards the satisfaction of the purchaser’s debt; or (b) if the debt is less than the amount of the remission, apply that portion of the remission that is required to satisfy the purchaser’s debt, and pay any remainder of the remission to the purchaser. 26 May 2023 cF-13.4 Reg 47 s5. Overpayment 6(1) The minister may declare any or all remissions granted to a purchaser pursuant to these regulations to be an overpayment if, in the minister’s opinion, the purchaser: (a) has knowingly made a false or misleading statement with respect to a material fact on any form or in any information or record provided to the minister pursuant to these regulations; (b) has omitted to make a statement to the minister or to provide any information or record to the minister, and that omission results in a statement with respect to a material fact being misleading; or (c) has failed to comply with these regulations. (2) If the minister declares a remission of tax to be an overpayment, the amount of the overpayment is deemed to be a debt due and owing to the Crown in right of Saskatchewan and may be recovered from the purchaser in any manner authorized pursuant to The Financial Administration Act, 1993, The Revenue and Financial Services Act or in any other manner authorized by law. 26 May 2023 cF-13.4 Reg 47 s6. Coming into force 7 These regulations come into force on the day on which they are filed with the Registrar of Regulations. 26 May 2023 cF-13.4 Reg 47 s3. REGINA, SASKATCHEWAN Printed by the authority of THE KING’S PRINTER Copyright©2023