LNG -Tax Changes

              Finance Minister Carole James says changes to B-C’s tax structure will help attract more L-N-G development in the province. The provincial government introduced legislation today to amend the Income Tax Act that would implement a tax credit for L-N-G development. James says the change is aimed at bringing jobs to the province through economic partnerships with Indigenous Peoples while also protecting the environment. The government is also taking steps to repeal the Liquefied Natural Gas Income Tax Act, which it says created barriers for investment and left the province open to footing the bill for special industry tax and regulatory protections.