British Columbia has issued this notice to advise sellers and purchasers of energy products of a change to the Social Service Tax Actr egulations that provides an exemption from paying further Innovative Clean Energy (ICE) fund levies in a period where the maximum payable amount (e.g., $100,000) has been reached. Since it is expected that anumber of companies will exceed the maximum amount payable within a relatively short period of time, this change will reduce the administrative impact for companies having to apply for multiple refunds of the levy.
“Notice to Sellers and Purchasers of Electricity, Natural Gas, Fuel Oil and Propane: Innovative Clean Energy (ICE) Fund Levy Exemption”